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Homes Under $300,000 in Springville, Utah
Springville sits in Utah County between Provo and Spanish Fork, close enough to the Provo-Orem job market and BYU that commuters have made it a steady draw for two decades. Homes under $300K here are scarce compared to five years ago, but they haven't disappeared entirely — the inventory mostly runs to attached product: townhomes, condos, and patio homes in developments off 400 South and near the Hobble Creek area, plus the occasional older fixer on a smaller lot in the historic downtown grid near Main Street and the Art City Days parade route. A stand-alone single-family house under $300K is now the exception rather than the rule in Springville proper.
Buyers at this price point tend to be first-timers using FHA or UHC down-payment assistance, or investors eyeing a rental near Utah Valley University's satellite programs and the Nebo and Spanish Fork job base. Expect smaller square footage, HOA dues on most attached listings, and homes that need a coat of paint or updated fixtures rather than full remodels — the fair-condition inventory at this price is generally structurally sound but dated. Because this segment moves fast when priced right, it pays to have financing pre-approved before touring. Browse the active listings below to see what's currently on the market.
August 2026 · Springville market
Live from the Utah MLS — what's actually happening in Springville right now.
Median sale
$498,000
20 closed in August 2026
Median DOM
45 days
listing → contract
Sale-to-list
98.4%
of final list price
Unsold inventory
131
active + pending
30 matching · page 1 of 2
Active listings
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Common questions
About homes under $300k in Springville.
What kind of home can I actually get in Springville under $300K? ▾
At this price point in Springville, expect older townhomes, condos, manufactured homes on owned land, or small single-family starters built in the 1950s-1970s that need updates. True detached single-family homes under $300K are rare and usually sell within days. Most active inventory in this range falls between 800 and 1,400 square feet.
Are there any new-construction options under $300K here? ▾
New detached construction in Springville generally starts well above $400K, so under $300K you're looking at attached product — townhomes and condos in developments off 400 South, near the Spring Creek area, or closer to the Provo border. Some builders occasionally release smaller two-bedroom townhomes that land just under the cap.
How fast do sub-$300K listings move in Springville? ▾
Quickly. Anything livable under $300K in Utah County tends to go under contract in under two weeks, often with multiple offers. Setting up an instant MLS alert and being ready to tour the same day a listing hits is the realistic way to compete.
What are property taxes and HOA fees like at this price? ▾
Utah County property tax runs roughly 0.55-0.65% of assessed value, so a $290K home is typically $1,600-$1,900 a year. Townhome and condo HOAs in Springville commonly fall between $150 and $275 a month, which covers exterior maintenance, landscaping, and sometimes water.
Is Springville a good fit for first-time buyers or investors at this price? ▾
Both. First-time buyers like the proximity to I-15, Nebo School District, and the 15-minute commute to Provo employers like IHC and the universities. Investors target the same listings for long-term rentals since BYU and UVU students and young families keep rental demand steady.
Do FHA, VA, and Utah Housing loans work on these properties? ▾
Yes, and they're the most common financing routes in this price band. FHA needs 3.5% down, VA needs nothing down for eligible veterans, and Utah Housing's first-time buyer programs can pair with down payment assistance. Just confirm condo projects are FHA/VA approved before writing — not all Springville complexes are.