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Investment Properties for Sale in Elsinore, Utah
Elsinore sits in the Sevier Valley about 15 minutes south of Richfield, just off I-70 in central Utah. It's a small farming town — under 1,000 residents — surrounded by alfalfa fields, cattle operations, and the geothermal activity that gave the area its hot springs. Investment activity here looks nothing like what you'd see along the Wasatch Front. Inventory turns slowly, prices remain among the lowest in the state (many single-family homes still trade in the $250K–$400K range), and the buyer pool skews toward locals, 1031 exchange money from Salt Lake and St. George, and out-of-state investors chasing cash-flow numbers that no longer pencil in metro Utah. Rentals lease to workers tied to agriculture, the Sevier County school district, and the energy and mining jobs scattered between Richfield and Salina.
The investment angle in Elsinore usually falls into one of three buckets: long-term residential rentals serving the Richfield commuter base, small acreage parcels with outbuildings or water shares that lease for hay production, or fixer single-family homes where the math actually works after rehab. Short-term rental demand exists but is thin — Fremont Indian State Park, Big Rock Candy Mountain, and Fishlake draw seasonal traffic, not year-round bookings. Property taxes are low, Sevier County zoning is flexible compared to Utah County, and culinary water comes from the town system while irrigation runs on shares. Browse the active listings below to see what's currently on the market in and around Elsinore.
June 2026 · Elsinore market
Live from the Utah MLS — what's actually happening in Elsinore right now.
Median sale
$450,000
1 closed in June 2026
Median DOM
3 days
listing → contract
Sale-to-list
100.0%
of final list price
Unsold inventory
6
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Elsinore.
What kind of rental income can I expect on a single-family home in Elsinore? ▾
Long-term rents in Elsinore and neighboring Joseph, Monroe, and Central Valley typically run $1,200–$1,700 for a 3-bedroom house, depending on condition and acreage. Tenants are usually tied to Richfield employers, the school district, or local agriculture. Vacancy is low but tenant turnover can be slow simply because the rental pool is small.
Are short-term rentals viable in Elsinore? ▾
STR demand is seasonal and modest. Travelers passing through on I-70, hunters in the fall, and snowmobilers heading to Fishlake make up most of the bookings. Sevier County is more permissive than resort counties, but expect occupancy well below what Moab or Washington County properties produce — most investors here run long-term instead.
Do investment properties in Elsinore usually include water shares? ▾
Many do, especially parcels with any acreage. Elsinore Irrigation Company shares and Monroe-South State Canal shares are the common ones, and they're typically conveyed with the deed but should always be confirmed in the title work. Shares add real value if you plan to lease ground for hay or run a few head.
What's the property tax situation for non-owner-occupied homes? ▾
Utah taxes non-primary residences at 100% of assessed value versus 55% for a primary residence, so a rental's tax bill is meaningfully higher than the owner-occupied number on the listing. Sevier County's overall rates are still low compared to Salt Lake or Utah counties — budget roughly 1.1%–1.3% of assessed value annually on an investment property.
How does financing work on rural Elsinore properties? ▾
Conventional investor loans work fine on standard single-family homes inside town limits. Once you add significant acreage, outbuildings, or agricultural use, lenders often push you toward farm credit products through Zions Ag Finance or American AgCredit. Cash and 1031 exchange buyers are common here and tend to win competitive deals.
Is appreciation realistic in a town this small? ▾
Elsinore appreciates more slowly and steadily than Wasatch Front markets — no dramatic spikes, but also less correction risk. Most investors here underwrite to cash flow first and treat appreciation as a bonus. The wildcard is geothermal and agricultural land value, which has been creeping up as Sevier County attracts more energy-related interest.