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Homes Under $500,000 in Torrey, Utah
Torrey sits at the junction of Highway 12 and Highway 24, the gateway to Capitol Reef National Park, and inventory here has always run thin compared to Wasatch Front cities. Under $500K in Torrey typically means a smaller footprint home or cabin on a modest lot in town, a manufactured or modular home on acreage outside the historic core, or an older farmhouse near Sand Creek that needs some work. You won't find much new construction at this price point since lumber, labor, and hauling materials over Boulder Mountain or up from Richfield add real cost to any build here — most new homes in the area start well north of $500K. Buyers who land in this range are usually trading square footage or finish quality for the location itself: five minutes to the park entrance, red-rock views, and a night sky with almost no light pollution. Water rights and well access matter more in Torrey than price alone, so a home under $500K on municipal water in town can be a better long-term buy than a cheaper property on acreage with a shared well. Winters bring real snow and sub-freezing nights, which shapes what "move-in ready" means here — check the furnace, propane tank size, and roof before anything else. Because Torrey's year-round population is small, some of these listings are seasonal cabins or short-term rental properties rather than full-time residences, so it's worth asking directly how a home has been used. Browse the active listings below to see what's currently on the market in this price range.
August 2026 · Torrey market
Live from the Utah MLS — what's actually happening in Torrey right now.
Median sale
$354,000
1 closed in August 2026
Median DOM
—
listing → contract
Sale-to-list
98.9%
of final list price
Unsold inventory
5
active + pending
10 matching · page 1 of 1
Active listings
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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.