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Homes Under $500,000 in Tooele, Utah
Tooele still functions as one of the last places along the Wasatch Front where $500K buys real square footage. Thirty-five minutes west of Salt Lake City over Route 36 through Tooele Canyon (or the longer Route 138 loop around the south end of the valley), the city has grown fast with subdivisions like Overlake, Sunset Ridge, and the newer construction pushing north toward Erda, but pricing still trails Salt Lake and Utah counties by a wide margin. Buyers priced out of Herriman, Eagle Mountain, or Saratoga Springs routinely land here and find a 5-6 bedroom home on a larger lot for the same money that gets a 3-bedroom townhome closer to the city. Tooele Army Depot, Deseret Peak's view corridor, and the growing warehouse/logistics employment base around the airport give the local economy a different footing than the typical bedroom-community story.
Under $500K in Tooele today covers most of the resale market and a good chunk of new construction, especially in Erda, Stansbury Park, and the older grid streets near downtown Tooele. Stansbury Park adds a private lake, golf course, and mature landscaping to the mix, which pushes some of its inventory closer to the ceiling of this range. Commute time to SLC, air quality on winter inversion days, and lot size are the three questions worth working through before you narrow in on a neighborhood. Browse the active listings below to see what's currently on the market under $500K.
August 2026 · Tooele market
Live from the Utah MLS — what's actually happening in Tooele right now.
Median sale
$399,950
26 closed in August 2026
Median DOM
27 days
listing → contract
Sale-to-list
100.0%
of final list price
Unsold inventory
207
active + pending
176 matching · page 1 of 8
Active listings
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Common questions
About homes under $500k in Tooele.
What kind of home does $500K buy in Tooele right now? ▾
In most Tooele neighborhoods, $500K puts you into a 3-4 bedroom single-family home built in the last 20 years, often around 2,000-2,800 finished square feet on a quarter-acre lot. Older homes near Vine Street and the historic downtown can come in well under that number, while newer builds in Overlake or Stansbury Park tend to push closer to the cap.
Is Tooele a reasonable commute to Salt Lake City? ▾
Yes — it's roughly 35 miles to downtown Salt Lake via I-80, typically 40-50 minutes outside of rush hour. Many buyers priced out of the Salt Lake Valley land in Tooele specifically because they can keep a SLC job and still afford a detached home with a yard.
Which Tooele neighborhoods have the most inventory under $500K? ▾
Overlake on the north end of town is the largest pool of sub-$500K homes, with a mix of 2000s and 2010s builds. Stansbury Park and Lake Point (technically just outside city limits) also show up regularly in this price band, along with older established streets near Tooele High School.
Are there new construction options in Tooele under $500K? ▾
There are, though the window has tightened. Builders in Overlake, Stansbury Park, and Erda still release base-model floor plans in the $440K-$490K range, usually 3-bed townhomes or smaller single-family plans. Lot premiums and upgrades push many finished homes past $500K, so the early-phase releases are where the value sits.
How are property taxes and HOAs in Tooele? ▾
Tooele County property tax rates run roughly 0.6-0.75% of assessed value, in line with most of Utah. HOA fees vary widely — older neighborhoods have none, while newer Overlake and Stansbury Park subdivisions typically charge $30-$80 per month for common-area maintenance.
Does $500K get you a home with a finished basement here? ▾
Often, yes. Tooele buyers expect basements, and many homes in the $425K-$500K range either come with a finished basement or are set up for an easy owner finish. It's one of the reasons the city stays popular with growing families — you get usable square footage that's hard to match at the same price closer to Salt Lake.