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Homes Under $500,000 in Park City, Utah
Under $500K in Park City proper is a tough needle to thread these days — most single-family homes in Old Town, Park Meadows, and Prospector sell well north of that number, often north of $1.5M. What you'll actually find at this price point inside city limits are condos and a handful of smaller-footprint units near Prospector or Bonanza Park, plus deed-restricted or employee housing units through the Mountainlands Community Housing Trust program for qualifying buyers. Studios and one-bedroom condos at complexes like Silver King, Fox Point, or Iron Horse occasionally land in this range, especially in the off-season shoulder months when inventory sits longer.
For buyers who want more square footage for the money, the real opportunity is in the surrounding Snyderville Basin and up toward Wanship, Hideout, or Kamas, where townhomes and older single-family homes can still land under $500K, all within a 15-20 minute drive of Main Street and the Park City Mountain base. Summit County property taxes, HOA dues on condo properties, and proximity to the free bus system (which covers most of the Basin) are worth weighing against a longer commute-in from Kamas or Wanship. Browse the active listings below to see what's currently on the market at this price point.
July 2026 · Park City market
Live from the Utah MLS — what's actually happening in Park City right now.
Median sale
$2,422,220
44 closed in July 2026
Median DOM
4 days
listing → contract
Sale-to-list
97.7%
of final list price
Unsold inventory
1,026
active + pending
78 matching · page 3 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.