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Homes Under $500,000 in Tooele, Utah
Tooele has become the default answer for buyers who got priced out of the southwest Salt Lake Valley but still need to be within commuting distance of the city. Under $500K here goes considerably further than the same budget in Herriman or South Jordan — you're generally looking at 3 to 4 bedrooms, a two-car garage, and a real yard rather than a townhome or zero-lot-line product. Most of the inventory in this price band sits in Overlake on the north side of town, the established grid neighborhoods around Vine Street and Main, and the newer phases creeping toward Erda and Stansbury Park. Build years range from 1940s bungalows near downtown to homes finished last year in active subdivisions.
The trade-off is the drive: I-80 over the Oquirrhs puts downtown Salt Lake about 35 minutes away on a clear morning, longer when winter storms hit the pass. In exchange you get bigger lots, Tooele County schools, quick access to Settlement Canyon Reservoir and the Stansbury Mountains, and a small-town pace that the south end of the Salt Lake Valley lost years ago. Hill Air Force Base, Dugway, and the Tooele Army Depot anchor a lot of the local job market, and remote workers have pushed demand higher since 2020. If staying under half a million is a hard line, Tooele is one of the few Wasatch Front-adjacent markets where that budget still buys a detached single-family home with room to grow. Browse the active listings below to see what's currently on the market.
May 2026 · Tooele market
Live from the Utah MLS — what's actually happening in Tooele right now.
Median sale
$420,000
71 closed in May 2026
Median DOM
31 days
listing → contract
Sale-to-list
98.7%
of final list price
Unsold inventory
204
active + pending
123 matching · page 1 of 6
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.