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Homes Under $500,000 in Parowan, Utah
Parowan sits at the base of the Red Hills along I-15, about 20 minutes from Cedar City and under an hour from the ski runs at Brian Head. It's one of the last spots on the Wasatch Front's southern tail where $500K still buys real square footage. Older brick homes near Main Street and the historic downtown grid often list in the $250K-$400K range, while newer construction in the subdivisions off 200 North and toward the golf course tends to run closer to the $450K-$500K ceiling. Iron County's overall price levels stay well below St. George and Cedar City's newer neighborhoods, which is exactly why retirees, remote workers, and Cedar City commuters keep an eye on Parowan. Under-$500K inventory here spans a wide range: fixer-upper cottages on quarter-acre lots, mid-2000s ramblers with three-car garages, and a handful of new-build homes in Parowan's smaller developments that still slide under the cap when builders offer base floor plans. Winters bring real snow — Parowan sits higher and colder than St. George — so buyers should factor heating costs and roof condition into any offer at this price point. Lot sizes tend to be generous by Wasatch Front standards, and several properties back up to open fields or canal frontage. Browse the active listings below to see what's currently on the market under $500K.
July 2026 · Parowan market
Live from the Utah MLS — what's actually happening in Parowan right now.
Median sale
$317,000
4 closed in July 2026
Median DOM
57 days
listing → contract
Sale-to-list
98.0%
of final list price
Unsold inventory
35
active + pending
31 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.