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Homes Under $500,000 in Park City, Utah
Park City has one of the highest median sale prices in Utah, so the inventory below $500,000 is a narrow slice of the market — and it's almost entirely condos and townhomes rather than single-family homes. Expect to see units in Prospector Square, Park Avenue Condos, Three Kings, Silver King, and the older complexes near the Park City Mountain Resort base. Many of these properties sit in nightly-rental zoning, which is part of why prices hold up even for studios and one-bedrooms: investors compete with primary-residence buyers and second-home owners for the same units. HOA dues in this price range typically run $400 to $900+ per month because they cover snow removal, exterior maintenance, and shared amenities.
If a detached home with a yard is the goal, the sub-$500K conversation usually shifts a few minutes down US-40 to Heber, Midway, Kamas, or Francis, where Wasatch County pricing still occasionally allows for a small single-family home on a real lot. Within Park City limits at this price, plan on walkable or transit-accessible locations, ski bus stops, and smaller square footage in exchange for proximity to PCMR, Deer Valley, Main Street, and the 36-mile drive to Salt Lake City International. Listings in this range move fast — often in days — so financing pre-approval and a clear understanding of HOA rules matter before writing an offer. Browse the active listings below to see what's currently available under $500K.
May 2026 · Park City market
Live from the Utah MLS — what's actually happening in Park City right now.
Median sale
$1,950,000
56 closed in May 2026
Median DOM
23 days
listing → contract
Sale-to-list
96.6%
of final list price
Unsold inventory
852
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.