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Homes Under $300,000 in Orem, Utah
Orem's under-$300K market has thinned out considerably over the past few years, but it hasn't disappeared. Most of what turns up at this price point falls into a few categories: condos and townhomes near Utah Valley University, older single-family homes on the west side near Geneva Road that need some updating, and small manufactured or mobile homes in established parks. You'll also see the occasional 1-bedroom or studio condo in complexes like Villa Regia or Raintree that cater to UVU students and investors running rentals. Detached single-family homes under $300K are rare now — Orem's median for a standard 3-bed house has pushed well past that mark, so this price range is dominated by attached product.
Location matters a lot at this price band. Condos closer to State Street and University Parkway trade at a premium for convenience but tend to be older buildings from the 1970s-80s with dated mechanicals, while units farther west or near 800 South can run cheaper but sit closer to industrial areas and rail lines. Buyers should also expect HOA dues in the $150-$350/month range on most condo listings, which affects real monthly cost even when the sticker price looks appealing. Investors chase these units for UVU rental income, so inventory moves fast when something priced right hits the market. Browse the active listings below to see what's currently available in this range.
July 2026 · Orem market
Live from the Utah MLS — what's actually happening in Orem right now.
Median sale
$502,000
43 closed in July 2026
Median DOM
20 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
217
active + pending
46 matching · page 1 of 2
Active listings
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Common questions
About homes under $300k in Orem.
What kind of homes can I realistically get in Orem under $300K? ▾
Mostly 1- and 2-bedroom condos, older townhomes, and manufactured homes on owned land. Detached single-family houses below $300K are rare in Orem right now and usually need significant work when they do appear. Student-rental condos near UVU and BYU make up a big share of this segment.
Are HOA fees high on Orem condos in this price range? ▾
Typical HOA dues run $150–$350 per month depending on whether the complex includes water, sewer, trash, exterior maintenance, and amenities like a pool or clubhouse. Older complexes tend to be cheaper monthly but may have deferred maintenance or upcoming special assessments — always ask for HOA financials and meeting minutes before closing.
Can I use an FHA or VA loan on Orem properties under $300K? ▾
Yes, and both are common at this price point since $300K is well within FHA loan limits for Utah County. The catch is condo financing — the complex itself must be FHA- or VA-approved, and not all Orem condo projects are. Your lender can check approval status in a few minutes before you write an offer.
Is buying a manufactured home in Orem a good move at this price? ▾
It can be, if the home sits on land you own rather than in a leased park. Manufactured homes on owned lots in Orem appreciate similarly to other housing and qualify for conventional financing when built after 1976 and on a permanent foundation. Park-lot homes are cheaper upfront but harder to finance and resell.
How competitive is the under-$300K segment in Orem? ▾
Very competitive. This price band overlaps with first-time buyers, downsizing retirees, and investors targeting UVU and BYU student rentals, so well-priced listings often see multiple offers within the first weekend. Having financing fully underwritten and being flexible on closing dates helps offers stand out.
What neighborhoods in Orem tend to have the most sub-$300K inventory? ▾
The student housing corridors around University Parkway, the older complexes near 800 North and State Street, and pockets on the west side near Geneva Road see the most activity at this price. Northeast Orem against the foothills almost never has anything under $300K.