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Homes Under $500,000 in Springville, Utah
Springville still delivers real value for buyers priced out of Provo or Orem. Under $500K here typically means a 3-4 bedroom home built in the last 15-20 years in newer subdivisions off 400 South or up toward the bench near Hobble Creek, or an older brick rambler closer to Main Street with a finished basement and a bigger lot. Springville's own school district feeds into Nebo, and the town has kept enough of its own identity — the Art City Days parade, the Springville Museum of Art, walkable Main Street — that it doesn't feel like a pass-through suburb, even with Provo eight minutes north and I-15 access at 400 South.
At this price point you're competing with move-up buyers and first-timers alike, so inventory turns over fast, especially anything under $450K with a garage and a yard. Townhomes and newer-construction attached product in the $350K-$425K range give first-time buyers a foothold, while detached homes in the $450K-$500K band usually mean an older build, a smaller lot, or a location closer to Highway 89 and the rail line. Commute-wise, Springville sits close enough to Provo's tech corridor (Qualtrics, Podium, BYU) and Geneva Rock's old footprint that plenty of buyers are trading a longer drive for a lower payment. 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
128
active + pending
65 matching · page 3 of 3
Active listings
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Common questions
About homes under $500k in Springville.
What kind of home can I actually get in Springville for under $500K? ▾
Most listings in this range are 3-4 bedroom single-family homes between 1,400 and 2,400 finished square feet, plus a healthy share of townhomes and twin homes. Older ramblers near downtown often have larger lots (0.20-0.30 acre) but need updates, while newer townhomes in the $400Ks tend to be turnkey with smaller yards. Condition and lot size are usually the trade-off at this price.
Are there new construction homes in Springville under $500K? ▾
Occasionally yes, but almost always townhomes or smaller attached product rather than detached single-family. Builders working the west side and along the Spanish Fork border have released attached units in the $410K-$485K range over the last couple of years. Detached new builds in Springville have mostly moved above the $500K mark.
Which Springville neighborhoods see the most activity under $500K? ▾
The older grid around 400 South and Main, the Spring Acres area east of I-15, and the newer subdivisions off 1600 South near Westfields all turn over regularly in this price band. Homes closer to Hobble Creek Canyon tend to push higher because of the views and lot sizes.
What are property taxes like on a $450K home in Springville? ▾
Utah County's effective rate runs roughly 0.55%-0.70% depending on the taxing district, and Springville falls near the middle. On a $450K primary residence with the owner-occupied exemption, expect annual property taxes in the $1,700-$2,200 range. Always verify the current rate with the county for the specific parcel.
How competitive is the under-$500K market in Springville right now? ▾
It's the most active price band in the city. Well-priced, updated homes under $500K typically see multiple showings the first weekend and can go under contract within 7-14 days. Homes needing significant work or priced above comps sit longer, which is where buyers willing to do cosmetic updates often find room to negotiate.
Is Springville a good commute for Silicon Slopes or Salt Lake jobs? ▾
It's reasonable for Utah County tech jobs — 15-25 minutes to Orem, Provo, and Vineyard. Salt Lake commutes run 50-70 minutes each way on I-15 depending on traffic, so most SLC commuters use FrontRunner from the Provo station about 10 minutes north. Lehi and Draper tech corridor commutes typically run 30-45 minutes.