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Homes Under $500,000 in Summit, Utah
Summit County is one of the priciest markets in Utah, and the median single-family price in Park City and the Snyderville Basin sits well above $1 million. That makes a search for homes under $500K a different exercise than it is in Utah or Davis County. Most of what fits that budget is a condo or townhome, often in Kimball Junction, Prospector, or Silver Springs, along with a few older units and the occasional manufactured home or small cabin in the eastern part of the county. In the outlying towns of Coalville, Oakley, Kamas, and Francis, a smaller house or townhome is sometimes within reach, though inventory is thin.
Budget buyers should plan for the details that come with mountain living. Many condos carry HOA dues that cover snow removal, roof care, and sometimes heat, and those dues change the real monthly cost. Check whether nightly rentals are allowed, because that affects both financing and resale. Winters are long, with Park City averaging over 120 inches of snow, so ask about parking, heating type, and road maintenance. Commutes matter too: Salt Lake City airport is about 35 minutes from Kimball Junction, and Coalville gives you more room for the money with a drive of roughly 25 minutes into Park City. Browse the active listings below to see what's currently on the market under $500K.
September 2026 · Summit market
Live from the Utah MLS — what's actually happening in Summit right now.
Median sale
—
1 closed in September 2026
Median DOM
56 days
listing → contract
Sale-to-list
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of final list price
Unsold inventory
1
active + pending
13 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Summit.
What kind of home does $500K actually buy in Summit? ▾
Typically a three- or four-bedroom home between 1,800 and 2,800 square feet on a lot ranging from a quarter-acre up to a full acre. Many properties at this price point include a detached shop, RV parking, or fencing for animals. Newer builds tend to sit at the top of the range, while early-2000s homes on larger lots fill out the middle.
Are most Summit homes on well and septic or city utilities? ▾
Most properties in Summit run on private well and septic systems rather than municipal water and sewer. Buyers should budget for a well flow test and septic inspection during due diligence, and ask the seller for recent water quality reports. Power is grid, and natural gas is available in parts of the area but not all — many homes use propane.
How far is Summit from Cedar City and the nearest hospital? ▾
Summit is about 14 miles north of Cedar City via I-15, roughly a 15-minute drive. Cedar City has Cedar City Hospital (Intermountain), grocery stores, Southern Utah University, and the regional airport. St. George and its larger medical centers are about an hour south.
Can I have horses or livestock on a Summit property under $500K? ▾
Yes, in most cases. Iron County zoning in the Summit area is generally rural-residential or agricultural, and many sub-$500K listings already have corrals, loafing sheds, or pasture. Always confirm the specific parcel's zoning and any HOA or subdivision restrictions before writing an offer.
How long do homes in this price range usually sit on the market? ▾
It varies with the season and interest rates, but well-priced Summit homes under $500K generally move in 30 to 75 days. Anything with usable acreage, a shop, or updated finishes tends to go faster. Winter listings (December through February) typically see fewer showings but more serious buyers.
Is Summit a good fit for SUU students or staff? ▾
It works better for staff and graduate students than undergrads. The 15-minute commute to SUU is easy in good weather, but winter mornings on I-15 can slow things down. Most students prefer to be in Cedar City proper for walkability and rental availability, while faculty often appreciate Summit's quiet and larger lots.