Homes Under $300,000 in Provo, Utah
Provo's sub-$300K segment is the tightest part of the local market, and what's available reflects that. Most listings in this range are condos and townhomes — a lot of them within walking or biking distance of BYU, along with older complexes off Canyon Road, near downtown Center Street, and along the University Avenue corridor. Detached single-family homes do show up under $300K, but they're typically smaller 1950s-60s ramblers on the west side or in the Franklin and Dixon neighborhoods, and most need updating. With Provo's median sale price sitting well above this number, buyers shopping here are usually first-timers, BYU or UVU staff, investors targeting student rentals, or parents buying a place for a student to live in for four years.
Financing-wise, FHA and VA both work in this range, and Utah County's loan limits give plenty of room. The bigger gotchas are HOA dues (common on condos here, often $150-$350/month), FHA condo approval status, and rental caps in owner-occupied buildings. If you're planning to rent the property out — common in Provo — verify the HOA's rental policy before writing. Property taxes drop meaningfully on a primary residence thanks to Utah's 45% homeowner exemption, so the monthly math changes depending on how you'll use the home. Listings move quickly in this price band, especially in spring and around BYU's lease turnover in late summer. Browse the active listings below to see what's currently on the market.
May 2026 · Provo market
Live from the Utah MLS — what's actually happening in Provo right now.
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Active listings
No active homes under $300k in Provo right now.
Check back soon, or contact us to be notified when one hits the market.
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.