Salt Lake City Homes under $500,000

Welcome to Salt Lake City, Utah—a vibrant metropolis nestled against the stunning backdrop of the Wasatch Mountains. Known for its rich history, diverse culture, and breathtaking natural beauty, Salt Lake City offers a unique blend of urban excitement and outdoor adventure. As the capital of Utah and a hub for commerce and culture, this city is renowned for its friendly community, thriving arts scene, and proximity to world-class ski resorts and hiking trails.

If you're looking to make Salt Lake City your home without breaking the bank, you’ll be delighted to discover a variety of charming homes available for under $500,000. This price range opens up a world of possibilities, from cozy bungalows in established neighborhoods to modern townhomes in up-and-coming areas. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, there’s something for everyone.

Imagine waking up to stunning mountain views, enjoying easy access to local parks, and taking advantage of Salt Lake City's vibrant downtown, filled with trendy shops, delicious dining options, and cultural landmarks. With an affordable housing market, you can invest in a home that not only meets your needs but also allows you to embrace the Salt Lake City lifestyle.

Explore the neighborhoods that make Salt Lake City so special, and find your perfect home under $500,000 today. With its friendly atmosphere, breathtaking scenery, and a wealth of amenities, Salt Lake City is ready to welcome you with open arms. Don’t miss out on the opportunity to be part of this thriving community!

Newest Salt Lake City Homes under $500,000

$409,000

2 Beds ⋅ 3 Baths ⋅ 2189134 MLS

**This is one of ABC4's Real Estate Essentials featured properties. Tune in Oct 11th at 4:30pm** Enjoy bright, low-maintenance living in this beautifully maintained, south-facing end-unit townhome! An inviting open layout connects the kitchen, dining, and living areas, while large windows bring in abundant natural light. Rich hardwood floors, plantation shutters, and granite countertops create a polished feel, complemented by updated stainless steel appliances. Both bedrooms feature their own private bathrooms, offering comfortable retreats and added privacy. The primary suite also includes a generous closet with a built-in organizer for exceptional storage. An attached garage, private outdoor space, and plenty of nearby guest and additional parking add everyday convenience. Internet is included in the HOA, making this well-kept community an appealing choice for easy living. Its convenient location and low-maintenance lifestyle make it a perfect option for a first-time homebuyer or investor. With stylish finishes and a thoughtful floor plan, this move-in-ready townhome is ready to welcome you home! Square footage figures are provided as a courtesy estimate only and were obtained from County records. Buyer is advised to obtain an independent measurement.

3714 S Markinch Way, Salt Lake City

$215,000

1 Beds ⋅ 1 Baths ⋅ 2189100 MLS

Enjoy top-floor living with peaceful courtyard views in this inviting 1-bedroom, 1-bath condo! Approximately 680 square feet of thoughtfully arranged space includes a welcoming living room with wood-look flooring, a dedicated dining area, and sliding glass doors opening to a covered balcony overlooking landscaped grounds and a charming water feature. The kitchen offers white cabinetry, generous counter space, and stainless steel appliances. A spacious bedroom features a ceiling fan and a walk-in closet with built-in shelving, while the full bathroom includes a tub/shower combination. With no neighbors above and an appealing setting among mature trees, this condo offers a comfortable place to call home. Schedule your showing today!

4629 S Quail Cv Unit L, Salt Lake City

$500,000

5 Beds ⋅ 2 Baths ⋅ 2189089 MLS

Enjoy beautiful mountain views from this inviting south facing home featuring four bedrooms, two family rooms, and a formal living room with a skylight. The bright, open floor plan offers comfortable spaces for everyday living and entertaining. Updated in 2017, the kitchen features white cabinetry and stylish designer touches. Additional updates completed in 2017 include select electrical and plumbing improvements and air conditioning. The water heater was replaced approximately one year ago. All appliances are included, with no warranty or guarantee on the washer and dryer. Contact us today to schedule your private showing!

5140 W Milstead Ln, Salt Lake City

$430,000

4 Beds ⋅ 4 Baths ⋅ 2189060 MLS

*OPEN HOUSE Saturday, October 3rd 10-12. Gate will be open. Welcome to this lovely townhome in the gated Chateau Reve community in Millcreek! Move-in ready with fresh paint and new carpet throughout. Enjoy the privacy of a row-end unit and fenced backyard. Finished basement with kitchenette can be used as a bedroom, family room, office, etc. Well-maintained picnic and playground area. An amazing location with easy access to shopping, dining, and major commuter routes. A great opportunity for first-time buyers, those looking to downsize, or investors seeking a turnkey property! Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

251 E Ailee Ln, Salt Lake City

$399,900

4 Beds ⋅ 2 Baths ⋅ 2189064 MLS

Investor Special!! This home with TONS of potential! It is a cosmetic Rehabbers dream! This home is located right across the street from the Rose Park golf course! It has amazing views and on top of it has its very own in ground swimming pool! We invite all to bring this home back to its glory days! Sold strictly AS-IS. FIxer-Upper Motivated Seller

1434 N Baroness Pl, Salt Lake City

$250,000

2 Beds ⋅ 1 Baths ⋅ 2189054 MLS

City living, without the downtown price tag! This bright, move-in-ready Marmalade Square condo offers an easy, low-maintenance lifestyle in an incredibly convenient Salt Lake location. Inside, hardwood floors bring warmth and character throughout the living areas and bedrooms, while the open kitchen features granite countertops, wood cabinetry, stainless steel appliances, a gas range and peninsula seating that connects naturally to the living space. Two bedrooms offer flexibility for sleeping, guests or a dedicated home office. And with the refrigerator, washer and dryer all included, moving in really can be that easy. Outside your door, enjoy the perks of a gated, pet-friendly community with a pool, hot tub, fitness center, dog park, designated parking and additional storage. The community has also completed significant recent improvements including new roofs, updated railings and major plumbing upgrades. Tucked at the base of Capitol Hill, you're just minutes from Downtown Salt Lake, the Delta Center, City Creek, the University of Utah, public transit, I-15 and the airport. Whether you're looking for your first home, simplifying your lifestyle or simply want an affordable home base close to everything Salt Lake City has to offer, this one makes city living easy.

650 N 300 W Unit 223, Salt Lake City

$445,000

3 Beds ⋅ 2 Baths ⋅ 2189045 MLS

This desirable unit is south-facing, with endless natural light that floods the home, and its passive-solar design keeps it cozy in the chilly months and cooler in the warmer months. The land is a gardener's delight, with a south-facing front porch perfect for growing plants like figs and pomegranates, and a back patio that stays secluded, shaded, and green year-round. Natural light floods through the windows all winter, adding to a great quality of life. This updated unit has a newer high-efficiency boiler for radiant heat (in-floor heat in every room) and hot water, a new kitchen island, and new carpet in the second upstairs bedroom. There are three bedrooms, a third-story loft space great for kids, meditation, or art space, and a family room with wonderful light that currently serves as an office space (but could just as easily be a kids' play room, reading nook, or other project space that would benefit from the beautiful windows and high ceiling of the space. The open floor plan, with a modern open staircase, spills out to the private backyard and yard. The yard has drip irrigation and is fully xeriscaped, with mature green out every window. Wasatch Commons is a Co-Housing community (find more at cohousing.com) where residents are consciously committed to living and participating as a community. Co-Housing has been described as 'A modern take on an old-fashioned community' with neighbors that get to know one another on the shared land, while each home is private. This park-like community has 26 households on 4.3 acres, with a shared clubhouse called the Common House as the social center. It includes a large dining room, kitchen, sitting room, playroom, guest rooms residents can use for friend/family visits, a craft area, and a laundry room. They also have a shared workshop and workout rooms, along with a garage and garden area. Many neighbors garden in either the community garden beds, wildflower gardens, or the mini-farm lovingly called the 'Farmette' that grows produce for the community throughout the year, providing free produce to neighbors. The community has solar panels on the carports that service the common areas (all electricity in shared buildings is solar!). Every unit has one covered parking space, a storage unit in the carport, and other parking in the general lot. They have potlucks/meals twice a week (Sunday evening at 6:00 pm and Wednesday lunch at noon) and a Saturday caf breakfast at 9 am. There is one all-community meeting a month, plus committees for management, celebrations, landscaping, kids coordination, maintenance, and occasional community work parties to keep things tidy. A newly purchased unit must be lived in for two years before being eligible to be rented. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Please view wasatchcommonscohousing.org to learn about this unique, intentional community to see if its a good fit for you.

1411 S Utah St Unit 3, Salt Lake City

$109,990

2 Beds ⋅ 2 Baths ⋅ 2188882 MLS

SELLER OFFERING A $5,000 BUYER INCENTIVE! Fully remodeled single-level home in Winchester Estates, a 55+ community in the heart of Murray, right by Murray Parkway Golf Course. Ideal for downsizing or retirement living: 2 bed, 2 bath, no stairs. High-end, top-to-bottom remodel: new roof, siding and skirting, new kitchen with new cabinets and granite countertops, LVP flooring, new carpet, doors, modern fixtures and can lights, updated baths, upgraded plumbing, newer windows. Minutes from the freeway, shopping and dining, about 10 min from Salt Lake City. Clubhouse. The $5,000 includes a 1-year home warranty ($510); the remaining $4,490 can go toward closing costs, a price reduction, or HOA/space rent (subject to HOA approval). Park approval required. Se habla espaol.

6494 S 1090 W Unit 152, Salt Lake City

$420,000

3 Beds ⋅ 1 Baths ⋅ 2188805 MLS

Cute as a button and packed with smart updates, this 1951 bungalow sits on a fully fenced .15-acre lot in South Salt Lake's Oakland Place neighborhood. At just under 1,000 square feet, the home makes great use of its space with three bedrooms, a bright living area, central air and original hardwood floors-with additional original hardwood still hiding beneath some of the carpet. The current owner has tackled a long list of improvements, including a new roof in 2021, new furnace (2022), solar panels, a remodeled bathroom, new water heater, new dishwasher and butcher block counters, added attic insulation, basement vapor barrier and air sealing. Outside might be the sleeper hit: a surprisingly generous, fully fenced backyard with a covered patio and plenty of room to garden, entertain, let the dogs run or dream up something entirely new- also would be a great yard for chickens! And when you want to leave your little oasis, you're wonderfully central-close to TRAX and the S-Line with easy access to Sugar House, downtown and all the restaurants, breweries, coffee shops and local businesses that make South Salt Lake fun. Small house, great yard, big personality-and a whole lot of the expensive stuff has already been done.

369 E Oakland Ave S, Salt Lake City

$475,000

4 Beds ⋅ 3 Baths ⋅ 2188783 MLS

Welcome to 305 N. Argyle Ct, a charming 4-bedroom, 2.5-bath two-story home in the heart of Salt Lake City. Enjoy warm summer evenings from the covered front porch on a quiet, tree-lined street while still being just minutes from downtown. Ideally located east of the freeway, this home offers convenient access to some of Salt Lake City's best dining, shopping, entertainment and recreation. Walk to Utah Jazz games, City Creek Center and downtown attractions, with freeway access just blocks away for an easy commute anywhere in the valley. The functional two-story floor plan features four bedrooms, including a spacious primary suite, an additional 3/4 bathroom upstairs and a convenient half bath on the main level. An attached two-car garage provides plenty of storage, while additional RV parking gives you room for trailers, recreational vehicles and all your outdoor toys. Paid-off solar panels are included, offering the opportunity to reduce energy costs while enjoying greater efficiency. With its combination of downtown convenience, neighborhood charm, flexible living space and hard-to-find parking, this home offers an exceptional opportunity to live close to everything Salt Lake City has to offer. Don't miss your chance to call 305 N. Argyle Ct home. Call today for your private showing. Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement.

305 N Argyle Ct W, Salt Lake City

$397,000

4 Beds ⋅ 1 Baths ⋅ 2188743 MLS

Curb appeal that wins on the first drive-by, plus good bones and real upside behind it. This 4-bedroom home sits on a lot with mature trees and gives the next owner plenty to work with. The basement is plumbed for an additional bathroom, the layout offers the option of a mother-in-law setup, and the upstairs linen closet gives you the option to add additional laundry on the main. The one-car carport has the potential to be enclosed. With some cosmetic updating, this is an excellent opportunity for investors, renovators, or buyers looking to build equity through sweat equity. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer to verify all information.

6130 S Nimbus Way, Salt Lake City

596 E Savvy Cv S Unit 41, Salt Lake City

$473,900

3 Beds ⋅ 2 Baths ⋅ 2188673 MLS

ROCK BOTTOM PRICING - Welcome to theMONROE, a modern townhome community designed for effortless urban living. These thoughtfully designed homes feature open-concept living spaces, 2 ensuite bedroom/bathroom and main level flex area/bedroom that makes a perfect home office. Contemporary finishes, and private balconies ideal for relaxing or entertaining. Enjoy the convenience of an attached 2-car garage, flexible living areas, and smart layouts that maximize both comfort and functionality. theMONROE is a growing community with brand-new amenities coming this summer, including a pickleball court, playground and fenced in dog park. Ideally located with quick access to downtown Salt Lake City, shopping, dining, transit, and outdoor recreation, theMONROE offers a perfect blend of style, location, and low-maintenance living. Don't miss your opportunity to own in one of the most exciting new communities-schedule your private showing today. Rock bottom pricing no additional incentives being offered at this price.

596 E Savvy Cv S Unit 41, Salt Lake City

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