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Homes Under $500,000 in Parowan, Utah
Parowan sits at roughly 6,000 feet elevation in Iron County, about 18 miles north of Cedar City and a short drive from Brian Head Ski Resort — which sits another 2,000 feet above town. That geography shapes everything about what buyers get here for under $500,000. The median home price in Parowan typically runs well below the state average, which means a budget under $500K goes a long way. Buyers regularly find newer construction, larger lots, and more square footage than they'd see at similar price points in Washington County or along the Wasatch Front. Single-family homes with multiple bedrooms, attached garages, and sizable yards are the norm, not the exception. The town itself is small — around 3,000 residents — with a quiet, rural character that attracts buyers tired of the pace and price tag of larger Utah metros.
Iron County School District serves Parowan, with Parowan High School being the local anchor. The economy leans on Cedar City's workforce base — Southern Utah University, the hospital, and light manufacturing — making the 18-mile commute a real trade-off many buyers are willing to make for significantly lower housing costs. Winters are cold and snowy compared to St. George (expect sub-freezing temperatures and real accumulation), and summers are mild, usually topping out in the mid-80s. If mountain-town living at an accessible price point is what you're after, the active listings below are a practical starting point.
June 2026 · Parowan market
Live from the Utah MLS — what's actually happening in Parowan right now.
Median sale
$630,000
3 closed in June 2026
Median DOM
24 days
listing → contract
Sale-to-list
97.8%
of final list price
Unsold inventory
31
active + pending
28 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Parowan.
What does $500K actually buy in Parowan right now? ▾
At this price point you're typically looking at 3-4 bedroom homes between 1,800 and 3,000 finished square feet, often on lots from 0.25 to 1 acre. Newer construction on the edges of town and well-maintained mid-century brick homes near the historic district both show up in this range. Properties with shop space, RV parking, or agricultural water tend to sit at the upper end of the bracket.
How does Parowan pricing compare to Cedar City? ▾
Parowan generally runs 10-20% less than comparable homes in Cedar City, partly because it's smaller and farther from Southern Utah University and the regional hospital. The trade-off is a 20-minute commute to Cedar for groceries, medical care, and most shopping. Buyers who work remotely or are retired tend to find the value here compelling.
Is Parowan a good fit for someone who wants Brian Head ski access? ▾
Yes — Parowan is the closest full-service town to Brian Head Resort, about 18 miles up SR-143. Many homes in this price range work well as primary residences with weekend ski access, or as second homes that avoid Brian Head's HOA fees and snow-load construction costs. Just plan for canyon driving in winter.
What are property taxes like in Iron County? ▾
Iron County property taxes are among the lower rates in Utah, generally running around 0.55-0.70% of assessed value for primary residences after the residential exemption. A $450,000 primary home typically pays somewhere in the $1,800-$2,400 range annually. Non-primary residences pay roughly 1.8x that amount.
How is the winter at 6,000 feet? ▾
Parowan gets real winter — expect snow on the ground intermittently from late November through March, with overnight lows regularly in the teens and single digits. Most homes here are built with that in mind: better insulation, larger furnaces, and steeper roofs than you'd see in St. George. Heating bills are noticeably higher than down on the I-15 corridor.
Are there many new construction options under $500K? ▾
There's some new construction in Parowan, but inventory is thinner than in Cedar City or Enoch. When new builds do come available under $500K they're usually production-style homes on smaller in-town lots rather than custom builds. If new construction is the priority, it's worth setting up an alert so you see them the day they hit the MLS.