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Homes Under $500,000 in Park City, Utah
Park City's median single-family price sits well north of $1.5 million, so a search capped at $500K is a narrow one, and it's worth knowing what that budget actually buys. Inside city limits, expect condos and townhomes, often one- or two-bedroom units in complexes near Prospector, Kimball Junction, Bear Hollow, or the lower Old Town edges. Many are older 1980s and 1990s builds, and some are deed-restricted or employee-housing units with income or occupancy rules attached. Detached houses at this price are rare and usually need work.
Because Park City is a resort town, the number on the listing is only part of the cost. HOA dues can run several hundred dollars a month, and nightly-rental rules vary a lot by building and zone, which matters if you're counting on rental income. Many buyers at this price also look at nearby Heber City, Kamas, and Oakley, where $500K goes further, and Park City's Snyderville Basin has some older condos on the lower end. Commutes run about 35 minutes to Salt Lake City along I-80, and roughly 40 minutes to the airport. Skiing at Park City Mountain and Deer Valley is close by either way. Browse the active listings below to see what's currently on the market under $500K.
September 2026 · Park City market
Live from the Utah MLS — what's actually happening in Park City right now.
Median sale
$1,862,500
66 closed in September 2026
Median DOM
44 days
listing → contract
Sale-to-list
96.9%
of final list price
Unsold inventory
690
active + pending
72 matching · page 1 of 3
Active listings
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Common questions
About homes under $500k in Park City.
Can you actually buy a single-family home in Park City for under $500K? ▾
Almost never inside the 84060 zip code. The under-$500K inventory in Park City is overwhelmingly condos and townhomes. For a detached house at this price you'll generally need to look at Heber, Kamas, Coalville, or Wanship — all within a 20–35 minute drive.
Which Park City neighborhoods have the most sub-$500K listings? ▾
Prospector is the most consistent source, followed by older sections of Park Meadows, Pinebrook, and Sidewinder/Three Kings condos near the Park City Mountain base. Jeremy Ranch and Kimball Junction occasionally have studios or small one-bedrooms in this range too.
Are these condos zoned for nightly rentals? ▾
Many are, particularly Prospector Square, Sidewinder, Three Kings, and several base-area buildings. Pinebrook and Park Meadows are generally long-term rental only. Always confirm zoning and HOA short-term rental rules before writing an offer — it materially changes the investment math.
What kind of HOA dues should I expect at this price point? ▾
Plan on $400–$900 per month for most Park City condos under $500K. Dues typically cover exterior maintenance, snow removal, water/sewer, and common amenities like a hot tub or clubhouse. Older buildings sometimes have special assessments for roofs or siding, so review the reserve study during due diligence.
Is financing harder on Park City condos in this range? ▾
It can be. Buildings with heavy nightly-rental use are often non-warrantable for conventional loans, which pushes buyers toward portfolio lenders or larger down payments (25–30%). A local lender who knows Park City condo projects will save you headaches.
How fast do sub-$500K Park City listings sell? ▾
Faster than the rest of the market. When a well-priced Prospector or base-area condo hits the MLS, it often goes under contract within a week or two, sometimes with multiple offers. Having financing pre-approved and being ready to tour quickly matters at this price point.