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Homes Under $500,000 in Torrey, Utah
Torrey sits at about 6,800 feet in Wayne County, at the doorstep of Capitol Reef National Park, and the housing market is small enough that a handful of listings can define it. A budget of $500,000 goes a long way here compared with Park City or the Wasatch Front. It typically covers a cabin, a manufactured or site-built home on a few acres, or a modest home in town with views of the red-rock cliffs of the Waterpocket Fold and Boulder Mountain. Many buyers in this range are buying second homes, retirement places, or properties with a nightly-rental angle tied to park visitation.
Expect real differences from a typical city purchase. Torrey is a town of a few hundred people, and Salt Lake City is roughly 3.5 hours away, so groceries, hospitals, and big-box shopping mean a drive to Richfield or Loa. Winters are cold and snowy at this elevation, while summers are warm and dry with big temperature swings between day and night. Many lots rely on wells, septic systems, or small water companies, so confirm utilities and access early. Students attend Wayne School District schools in Bicknell. Inventory moves slowly and varies season to season, so check back often. Browse the active listings below to see what's currently on the market under $500K in Torrey.
September 2026 · Torrey market
Live from the Utah MLS — what's actually happening in Torrey right now.
Median sale
—
3 closed in September 2026
Median DOM
86 days
listing → contract
Sale-to-list
—
of final list price
Unsold inventory
2
active + pending
8 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.