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Investment Properties for Sale in Wallsburg, Utah
Wallsburg is a quiet ranching valley tucked southeast of Deer Creek Reservoir, reached by a single exit off US-40 between Heber and Strawberry. With a population in the low hundreds, a one-school district, and most of the land still in hay, cattle, and horse use, this is not a market for traditional duplex-and-fourplex investors. The opportunity here is land-based: acreage with water rights, older homesteads with outbuildings, and recreational holdings that benefit from being 15 minutes off the Wasatch Back's appreciation curve while still inside Wasatch County. Buyers who understand irrigation shares, Wasatch County zoning, and the slow-but-real spillover from Heber and Midway tend to do well.
The investment math in Wallsburg looks different from Heber or Park City. Long-term rental yields are modest because tenant pool is small — mostly commuters working in Heber Valley or Park City who want acreage and lower rent. Short-term rental use is restricted under current county ordinance, so nightly-rental pro formas rarely pencil here the way they do in approved overlay zones. Where the returns show up is in land appreciation, ag-use tax treatment (greenbelt), and optionality on future subdivision as Wasatch County continues to grow. Property taxes stay low while the land is in agricultural use, which helps holding costs on longer plays. Browse the active Wallsburg listings below to see what acreage, homes, and recreational parcels are currently on the market.
December 2025 · Wallsburg market
Live from the Utah MLS — what's actually happening in Wallsburg right now.
Median sale
$1,218,000
1 closed in December 2025
Median DOM
80 days
listing → contract
Sale-to-list
91.6%
of final list price
Unsold inventory
—
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Wallsburg.
What kinds of investment properties typically come up in Wallsburg? ▾
Most Wallsburg listings that work as investments fall into a few buckets: small acreage parcels suitable for a build-and-hold, older farmhouses on irrigated land, and the occasional cabin or recreational property near Strawberry Reservoir and Daniels Summit. True multi-unit rentals are rare here — the town has well under 500 residents and almost no commercial zoning.
Is short-term rental (Airbnb/VRBO) allowed in Wallsburg? ▾
Wasatch County regulates short-term rentals, and rules vary by zone. Wallsburg's residential and agricultural zones generally do not permit nightly rentals the way overlay zones in Midway or Hideout do. Always confirm the current STR ordinance with Wasatch County Planning before underwriting a property on nightly-rental income.
What's the rental demand like in such a small town? ▾
Long-term rental demand in Wallsburg itself is thin — there's no major employer in town and the population is tiny. Most tenant demand comes from workers commuting to Heber, Midway, or Park City who want lower rent and a rural setting. Vacancy can run longer than in Heber Valley proper, so price accordingly.
What price range should I expect for an investment buy here? ▾
Raw or lightly improved acreage typically starts in the mid-$200Ks and climbs quickly with water rights or building lots. Homes on acreage generally run from the high $600Ks into the $1.5M+ range depending on land, outbuildings, and view corridors toward Mount Timpanogos and the Wasatch Back.
Are water rights and irrigation shares important to factor in? ▾
Yes — in Wallsburg, water rights and irrigation shares from Wallsburg Irrigation Company often carry more long-term value than the structures themselves. Verify deeded water, share counts, and any pending state engineer changes before closing. A property without water is dramatically less useful for ag-lease income or future development.
How far is Wallsburg from Park City and Provo for tenant commutes? ▾
Wallsburg sits about 20 minutes from Heber via Highway 222, roughly 35-40 minutes to Park City over the back roads or via US-40, and about 35 minutes to Orem/Provo down Provo Canyon. That commute geometry is what makes it viable as a rental at all — it's rural, but not isolated.