bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $500,000 in Torrey, Utah
Torrey sits at roughly 6,800 feet on Highway 24, just outside the west entrance to Capitol Reef National Park. It's a small Wayne County town — full-time population under 250 — where the housing stock is a mix of older ranch homes on irrigated acreage, newer log and stick-built cabins, modest manufactured homes, and a handful of vacant building lots that sometimes slip in under the $500K mark. Inventory is genuinely thin: Wayne County might see a few dozen total residential transactions in a year, and homes priced below $500,000 tend to be the smaller footprints, the fixer-uppers, or properties further out toward Bicknell and Teasdale where land is more affordable.
Buyers shopping this price range in Torrey are usually a specific crowd: retirees wanting a quiet base near the park, remote workers chasing dark skies and red rock, or second-home owners who plan to short-term rent when they're not using the place. Keep in mind that Torrey's growing season is short, winters bring real snow at this elevation, and water rights matter — many parcels rely on culinary connections through the town system while outlying homes use wells and shares from the Fremont River drainage. Drive times are also part of the math: it's about 3.5 hours to Salt Lake City and 3 hours to St. George. Browse the active listings below to see what's currently on the market under $500,000.
May 2026 · Torrey market
Live from the Utah MLS — what's actually happening in Torrey right now.
Median sale
$401,500
2 closed in May 2026
Median DOM
210 days
listing → contract
Sale-to-list
97.4%
of final list price
Unsold inventory
4
active + pending
12 matching · page 1 of 1
Active listings
Prefer the map?
See all 12 homes under $500k on a map
Pan around Torrey and refine by drawing your own boundary.
Common questions
About homes under $500k in Torrey.
How many homes under $500K are typically available in Torrey at any given time? ▾
Usually just a handful — often fewer than ten active listings under $500K across Torrey and the immediate surrounding area (Teasdale, Bicknell, Grover). Wayne County is one of Utah's least populated counties, so inventory moves slowly and good properties at this price point can sit for a season or get scooped up quickly depending on the time of year.
What kind of home can I realistically get in Torrey for under $500,000? ▾
Expect smaller square footage (often 1,000–1,800 sq ft), older builds from the 1970s–1990s, manufactured homes on permanent foundations, or newer cabins on small lots. Properties with significant acreage or water rights usually push above $500K. Some vacant land parcels with utilities also fall in this range if you'd rather build.
Can I short-term rent a home in Torrey? ▾
Torrey town has nightly rental regulations, and not every property is permitted for STR use. The area near the park entrance has more established vacation rentals, while residential zones can be more restrictive. Always verify the specific parcel's zoning and any existing STR permit with Wayne County and the town before assuming Airbnb income.
What should I know about water and utilities at this elevation? ▾
Torrey town has a culinary water system, but homes outside town limits often rely on private wells and irrigation shares tied to the Fremont River. Natural gas is not available — most homes use propane, electric, or wood heat. At 6,800 feet, winter heating costs are a real line item, and pipes need proper insulation.
How's the drive to grocery stores, medical care, and an airport? ▾
Basic groceries are available in Torrey and Bicknell, but the closest full-service supermarket is in Richfield (about an hour northwest). Wayne Community Health Center is in Bicknell, with the nearest hospital in Richfield. The closest commercial airport is Salt Lake City at roughly 3.5 hours; St. George and Grand Junction are similar distances.
Is Torrey a good fit for a year-round residence or mostly seasonal? ▾
Both work, but go in with eyes open. Winters are cold and snowy, the town effectively quiets down November through March, and many businesses run seasonal hours. Year-round residents tend to be ranchers, park employees, retirees, and remote workers who genuinely want the solitude. Seasonal owners often close up from late fall through early spring.