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Homes Under $500,000 in Millcreek, Utah
Millcreek became Utah's newest city in 2017, and it has quietly become one of the most competitive sub-$500K markets along the entire Wasatch Front. Sandwiched between Salt Lake City to the west and the mouth of Millcreek Canyon to the east, the city gives buyers walkable neighborhoods, mature tree canopy, and quick freeway access to Downtown SLC — all without the premium zip code that comes with Sugar House or the Avenues. At the sub-$500K price point, buyers will mostly encounter condos and townhomes in the $300K–$420K range, along with a smaller but real supply of older single-family ranchers and split-levels — many of them 1950s and 1960s brick builds on generous lots along streets like Millcreek Way or Van Winkle Expressway corridor. These homes often carry original hardwood floors and larger yards than anything built in the past 20 years at a comparable price.
The tradeoff is that competition moves fast here. Millcreek sits inside the Salt Lake City metro, about 15 minutes from the airport and 10 minutes from the University of Utah and Primary Children's Medical Center — major employment anchors that keep buyer demand steady year-round. The Granite School District serves most of the city, and proximity to Millcreek Canyon trails means outdoor access is genuinely a five-minute drive, not a weekend road trip. Inventory under $500K turns over quickly, and homes in good condition regularly see multiple offers within the first week. Browse the active listings below to see what's currently on the market.
June 2026 · Millcreek market
Live from the Utah MLS — what's actually happening in Millcreek right now.
Median sale
$685,000
23 closed in June 2026
Median DOM
4 days
listing → contract
Sale-to-list
99.7%
of final list price
Unsold inventory
143
active + pending
44 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Millcreek.
What kind of home can I realistically get in Millcreek under $500K? ▾
At this price point, expect smaller ramblers and post-war cottages in the 1,100–1,600 square foot range, often on the west side of Millcreek near 3300 South and 900 East. Condos and townhomes in complexes off Highland Drive or near the I-215 belt also land here. True single-family homes under $500K move fast and usually need some updating.
Are condos and townhomes included in this price range? ▾
Yes, and they make up a meaningful share of what's available under $500K in Millcreek. Communities near Olympus Hills, along 3900 South, and around the Millcreek City Center tend to have units in the $350K–$475K range. HOA dues vary widely, so check those before running your payment numbers.
How competitive is the under-$500K market in Millcreek right now? ▾
It's the most competitive tier in the city. Millcreek's median sale price sits above $600K, so anything well-kept under $500K typically draws multiple offers within the first week. Being pre-approved and ready to move quickly matters more here than at higher price points.
Which Millcreek neighborhoods are most affordable? ▾
The areas west of 700 East and south of 3300 South generally have the most inventory under $500K. Canyon Rim and Olympus Cove sit at higher prices because of the views and schools, while pockets near Meadowbrook and the Murray border keep entry-level options on the market.
What should I budget for repairs on an older Millcreek home in this range? ▾
Many homes under $500K were built in the 1940s–1960s and still have original sewer laterals, electrical panels, or single-pane windows. A thorough inspection is worth every dollar, and setting aside $15K–$30K for near-term updates is reasonable for a home in livable but dated condition.
Are property taxes higher in Millcreek than nearby cities? ▾
Millcreek's combined tax rate is roughly in line with Salt Lake City and Holladay, generally around 1.1%–1.3% of assessed value depending on the specific tax district. On a $475K home, that's about $5,200–$6,200 per year. Primary residences get the 45% owner-occupied exemption applied to taxable value.