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Homes Under $500,000 in Parowan, Utah
Parowan sits at about 5,900 feet in Iron County, roughly 20 minutes northeast of Cedar City along I-15 and about three hours from Salt Lake City. In this town, a budget under $500K goes a long way. Most of the housing stock is single-family homes on generous lots, many of them a quarter acre or more, and a good share of the market falls well below that ceiling. Buyers can often get a newer build, a remodeled historic home near Main Street, or a small property with room for a garden, a shop, or a few animals.
The setting is the draw. Parowan has four real seasons, with hot but dry summers, snowy winters, and far less crowding than St. George. Brian Head Resort is about 30 minutes up Parowan Canyon, and Parowan Gap, Red Canyon, and Cedar Breaks are close by for hiking, ATV riding, and skiing. Children attend Iron County School District schools, and many residents commute to Cedar City for work at Southern Utah University, healthcare, and local manufacturing. Some homes also work as second homes or nightly-rental candidates for the Brian Head market, though rental rules should be checked. Browse the active listings below to see what's currently on the market under $500K in Parowan.
September 2026 · Parowan market
Live from the Utah MLS — what's actually happening in Parowan right now.
Median sale
$356,020
2 closed in September 2026
Median DOM
28 days
listing → contract
Sale-to-list
97.5%
of final list price
Unsold inventory
34
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.