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Homes Under $300,000 in Gunnison, Utah
Gunnison sits in the middle of Sanpete County, about two hours south of Salt Lake City along US-89, and it remains one of the more affordable small towns on the central Utah map. Under $300K here actually buys real housing — not a fixer-upper in a metro suburb, but often a three-bedroom rambler on a decent lot, an older Main Street home with mature trees, or a manufactured home on land at the edge of town. The local economy leans on the Central Utah Correctional Facility, agriculture, and small business, which keeps the buyer pool steady and prices grounded compared to anything closer to the Wasatch Front.
At this price point in Gunnison you're typically looking at homes built between the 1940s and the early 2000s, with the occasional newer build in subdivisions off of Center Street or out toward Centerfield and Mayfield. Lot sizes tend to run larger than what the same money gets you in Nephi or Richfield, and many properties include outbuildings, garden space, or room for a few animals. Winters are cold with real snow, summers are dry and hot, and the surrounding country — Yuba Reservoir, Manti-La Sal National Forest, Palisade State Park — is a short drive in any direction. Inventory under $300K moves quicker than the overall market, so check back often. Browse the active listings below to see what's currently available.
May 2026 · Gunnison market
Live from the Utah MLS — what's actually happening in Gunnison right now.
Median sale
$425,000
3 closed in May 2026
Median DOM
90 days
listing → contract
Sale-to-list
96.2%
of final list price
Unsold inventory
12
active + pending
6 matching · page 1 of 1
Active listings
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Common questions
About homes under $300k in Gunnison.
Is $300K realistic for a single-family home in Gunnison? ▾
Yes. Gunnison sits in Sanpete County where prices run well below the Wasatch Front, and a solid share of the market still trades under $300K. You'll see a mix of older homes on larger town lots, manufactured homes on permanent foundations, and the occasional newer build on the outskirts toward Centerfield and Mayfield.
What kind of homes typically show up under $300K here? ▾
Most are 2-4 bedroom homes built between the 1940s and 1990s, often on quarter-acre to half-acre lots with mature trees and detached garages or shops. Manufactured and modular homes on owned land also fall in this range, and a few fixer-uppers with original kitchens and baths sit at the lower end.
Are USDA loans available in Gunnison? ▾
Gunnison is rural enough to qualify for USDA Rural Development financing, which allows 0% down for buyers who meet income limits. That's a meaningful tool at this price point because it removes the down payment hurdle on homes that already cash-flow well against local rents.
What are property taxes like on a sub-$300K home? ▾
Sanpete County property taxes are among the lower rates in Utah. On a primary residence assessed near $250K-$300K, owners typically pay roughly $1,200-$1,700 per year after the residential exemption. Verify the current rate with the county treasurer before writing an offer.
How far is Gunnison from larger job centers? ▾
Gunnison is about 2 hours south of Salt Lake City on US-89, 45 minutes south of Ephraim and Snow College, and roughly 90 minutes from Provo. The Central Utah Correctional Facility, Gunnison Valley Hospital, and local agriculture and trucking are the main in-town employers.
Is inventory under $300K usually tight? ▾
It can be. Gunnison is a small market with only a handful of active listings at any given time, and homes priced under $300K that show well tend to go under contract within a few weeks. Setting up a saved search and being ready to tour quickly helps.