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Homes Under $500,000 in Riverton, Utah
Riverton sits at the south end of the Salt Lake Valley, tucked between the Oquirrh Mountains and the Wasatch foothills, and it's one of the harder spots along the southwest valley to land a home under $500K. The city has trended toward larger single-family homes on quarter-acre lots over the past decade, which pushed the median sale price well into the $600s. That means most of what's available below $500K in Riverton is going to be townhomes, twin homes, condos, and the occasional older single-family home east of Redwood Road or near 12600 South. Buyers willing to consider attached housing get access to the same Jordan School District schools, the same quick shot up Bangerter Highway or Mountain View Corridor toward Silicon Slopes, and the same weekend access to the Jordan River Parkway trail system.
At this price point, condition and HOA structure matter as much as square footage. Townhome communities like those near The District in South Jordan or along 13400 South often include exterior maintenance and snow removal, which is worth real money during a Wasatch Front winter. Older detached homes under $500K typically need cosmetic updates but sit on bigger lots — sometimes with mature trees and room for an RV pad, which is rare in newer Riverton subdivisions. Inventory in this band moves fast, especially when interest rates dip. Browse the active listings below to see what's currently on the market in Riverton under $500,000.
May 2026 · Riverton market
Live from the Utah MLS — what's actually happening in Riverton right now.
Median sale
$645,000
27 closed in May 2026
Median DOM
13 days
listing → contract
Sale-to-list
98.4%
of final list price
Unsold inventory
118
active + pending
33 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Riverton.
Is it realistic to find a single-family home under $500K in Riverton? ▾
It's possible but tight. Most detached single-family homes in Riverton sit in the $550K–$750K range, so anything under $500K tends to be a townhome, twin home, or an older single-family on a smaller lot. Inventory at this price point moves quickly, especially in the spring and early summer.
What types of homes typically fall under $500K here? ▾
Expect mostly townhomes and condos in communities like Riverton Ranches, Sunstone, and the developments off Bangerter Highway, plus the occasional 1980s–90s single-family home that hasn't been heavily updated. Newer attached product from builders like Ivory and Fieldstone shows up in this band as well.
Which Riverton neighborhoods have the most listings under $500K? ▾
Townhome pockets near 13400 South and along Mountain View Corridor see the most sub-$500K activity. Older single-family neighborhoods east of Redwood Road also produce options when sellers price for a quick sale.
How are Riverton schools at this price point? ▾
Homes under $500K still feed into Jordan School District schools like Riverton High, Oquirrh Hills Middle, and several well-regarded elementaries. School boundaries don't shift much by price tier in Riverton, so buyers aren't sacrificing schools to stay under budget.
What should I budget for HOA fees on townhomes in this range? ▾
Most Riverton townhome HOAs run $150–$275 per month, typically covering exterior maintenance, landscaping, snow removal, and sometimes a community amenity or two. Always confirm what's included and check the reserve study before writing an offer.
How competitive are offers under $500K in Riverton? ▾
This is the most active price band in the south valley, so well-priced homes often see multiple offers within the first weekend. Being fully underwritten (not just pre-approved), flexible on closing dates, and ready to view within 24 hours of a new listing makes a real difference.