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Homes Under $300,000 in Provo, Utah
Provo's median home price has climbed well past $450,000, so anything under $300K here is a specific slice of the market rather than a broad category. Most of what turns up falls into a handful of buckets: condos and townhomes near Brigham Young University in neighborhoods like Joaquin, Pleasant View, or the streets around University Avenue, older fixer-upper single-family homes in Provo's central grid (built in the 1950s-70s), and small-square-footage properties tucked into the Provost or Dixon areas. Studio and one-bedroom condos in the BYU-adjacent complexes are the most common find, many of them bought historically by parents of students or investors running student rentals. Buyers going after this price point in Provo need to move fast and stay flexible on property type. Inventory at this level tends to sell in days, not weeks, especially condos priced to cash-flow as rentals near campus. HOA fees matter a lot in this range too — some student-housing condos carry $250-400/month dues that change the real monthly cost significantly, so run the full numbers rather than just the list price. Detached single-family homes under $300K are rare and usually need work: older roofs, dated kitchens, or deferred maintenance that a $300K budget in Provo simply can't avoid given land and construction costs. Browse the active listings below to see what's currently on the market.
July 2026 · Provo market
Live from the Utah MLS — what's actually happening in Provo right now.
Median sale
$559,600
48 closed in July 2026
Median DOM
8 days
listing → contract
Sale-to-list
99.2%
of final list price
Unsold inventory
309
active + pending
54 matching · page 3 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.