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Homes Under $500,000 in Park City, Utah
Finding a home under $500K in Park City proper is a real challenge — most single-family homes inside city limits, from Old Town to Prospector, sell well north of $1.5 million, and even modest condos near the resorts often clear $700K. What you'll actually find at this price point are condos and townhomes in Prospector, Silver Springs, or older complexes along Kearns Boulevard, plus the occasional fractional-ownership or deed-restricted unit through the Park City Housing Authority. Many of the deed-restricted properties come with income caps or local-employment requirements tied to Summit County or Park City Municipal, so it's worth knowing those rules before you fall for a listing.
Buyers priced out of Old Town often widen their search to Silver Creek, Kimball Junction, or unincorporated Summit County just outside the Park City limits, where townhomes and smaller condos still show up under $500K, especially in winter and shoulder-season months when inventory loosens. Because this market moves fast and turns over with the ski season calendar, condition and HOA fees matter as much as price — some older complexes carry $500-plus monthly dues that change the real monthly cost. Browse the active listings below to see what's currently on the market at this price.
August 2026 · Park City market
Live from the Utah MLS — what's actually happening in Park City right now.
Median sale
$1,913,750
58 closed in August 2026
Median DOM
28 days
listing → contract
Sale-to-list
95.6%
of final list price
Unsold inventory
952
active + pending
74 matching · page 2 of 4
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.