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Homes Under $300,000 in Provo, Utah
Provo's under-$300K market has narrowed over the past few years, but it hasn't disappeared. Most of what turns up at this price point sits west of University Avenue toward Lakeview and the areas bordering Springville, or clusters of condos and townhomes near BYU that were built with students and young families in mind. Detached single-family homes below $300K are scarce and tend to need updating — older roofs, dated kitchens, original 1970s bathrooms — while condos and smaller attached units make up the bulk of what's actually available in this range. HOA fees matter here more than in most Utah cities because so much of the inventory is attached housing with shared maintenance, parking, and sometimes pools or clubhouses factored into monthly dues.
This price bracket draws a specific buyer: BYU-adjacent investors chasing rental income from students, first-time buyers stretching to get a foothold before Utah County prices climb further, and downsizers who want low maintenance without a big mortgage. Proximity to BYU campus, UVU in nearby Orem, and the Frontrunner station also plays into value — walkability and rental potential can matter more than square footage at this price. Because inventory moves fast when it's priced right, and because financing on older or smaller units sometimes comes with its own quirks (condo loan approval, HOA reserve requirements), it helps to move quickly once something worth seeing hits the market. Browse the active listings below to see what's currently available in this range.
August 2026 · Provo market
Live from the Utah MLS — what's actually happening in Provo right now.
Median sale
$502,500
36 closed in August 2026
Median DOM
34 days
listing → contract
Sale-to-list
98.3%
of final list price
Unsold inventory
277
active + pending
55 matching · page 2 of 3
Active listings
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Common questions
About homes under $300k in Provo.
What kind of homes can I actually get in Provo under $300K? ▾
Mostly condos and townhomes, especially two-bedroom units in older complexes near BYU and along State Street. You'll occasionally see small single-family homes on the west side or manufactured homes on owned lots, but detached houses at this price are scarce and usually need work.
Are these condos FHA-approved? ▾
Some Provo complexes are FHA-approved and some aren't — it changes year to year based on the HOA's owner-occupancy ratio and budget reserves. Always confirm current FHA status before writing an offer if you're using an FHA loan. Your agent can pull the approval list from HUD directly.
Can I rent a Provo condo to BYU students if I buy it as an investment? ▾
Only if the unit is in a city-approved high-density or student housing zone, and the HOA allows it. Provo strictly enforces rental restrictions in single-family neighborhoods, and BYU-contracted student housing has its own separate approval process through the university. Verify both city zoning and HOA rules before counting on rental income.
How fast do sub-$300K listings sell in Provo? ▾
Move-in-ready condos and small homes in this price range typically go under contract within one to three weeks, sometimes faster when interest rates dip. Properties needing repairs sit longer but often attract multiple investor offers. Having financing pre-approved and being ready to see new listings the day they go live makes a real difference.
What are HOA fees like on Provo condos in this range? ▾
Most run $150 to $300 per month. Lower-fee HOAs usually just cover exterior insurance and common-area landscaping, while higher-fee complexes often include water, sewer, trash, and sometimes gas heat. Always pull the HOA financials and reserve study during due diligence.
Are there down payment assistance programs that work in Provo? ▾
Yes. Utah Housing Corporation offers first-time buyer loans with down payment assistance that pair with FHA, VA, and conventional financing, and Provo-area buyers use them regularly. Income limits and purchase price caps apply, but a home under $300K usually fits within program guidelines.