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Homes Under $500,000 in Mona, Utah
Mona sits at the south end of Utah County, tucked between the Wasatch foothills and the West Hills along I-15 about 15 minutes south of Nephi and roughly an hour and a quarter from the Salt Lake airport. It's a small town — population under 2,000 — built around alfalfa fields, horse acreage, and the kind of quiet that draws people priced out of Saratoga Springs or Eagle Mountain. Under $500K in Mona generally gets you a real house on real land: think 1990s-to-2010s ramblers on a quarter-acre to a full acre, older farmhouses on irrigated lots, or newer builds in the small subdivisions north of town off Main Street. Inventory is thin — Mona rarely has more than a handful of active listings at any time — so the homes that do hit the market under this price ceiling tend to move when they're priced right.
Buyers shopping this price band are usually trading commute time for square footage, a shop or RV pad, and room to keep a horse or two. Mona Elementary feeds into Juab School District, and most working residents drive to Payson, Spanish Fork, or the Provo tech corridor. Mona Reservoir and the Burraston Ponds are minutes away, and the Mt. Nebo Loop trailhead is in the backyard. Property taxes run lower than Utah County, and water rights still matter here — ask about shares on any acreage parcel. Browse the active listings below to see what's currently available under $500K in Mona.
May 2026 · Mona market
Live from the Utah MLS — what's actually happening in Mona right now.
Median sale
$495,000
3 closed in May 2026
Median DOM
25 days
listing → contract
Sale-to-list
100.2%
of final list price
Unsold inventory
4
active + pending
6 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Mona.
What kind of home can I actually get in Mona for under $500K? ▾
Most listings in this range are 3-4 bedroom ramblers or older farmhouses on lots between a quarter-acre and an acre, plus the occasional manufactured home on more land. Newer construction does pop up under $500K, but square footage tends to be smaller than comparable builds further north. Larger acreage properties usually push past this price point unless the home itself needs work.
Does Mona have city water and sewer, or should I expect a well and septic? ▾
It's a mix. Homes inside the older town grid typically have culinary water through Mona City, while properties on the outskirts often run on private wells and septic systems. Always confirm the setup, water share allocations, and septic inspection records before closing — these details meaningfully affect both monthly costs and resale.
How's the commute to Provo or Salt Lake from Mona? ▾
Mona has direct I-15 access at the Exit 233 interchange. Provo runs about 35 minutes, Lehi closer to 50, and downtown Salt Lake roughly 70 minutes without weather or accidents. Winter mornings through the Point of the Mountain can add 15-20 minutes, which is worth factoring in if you're commuting daily.
What schools serve homes in Mona? ▾
Mona is part of Nebo School District. Elementary-age kids generally attend Mona Elementary, with middle and high school students bused to Juab schools in Nephi (Juab School District actually serves the area for secondary). Confirm boundaries with the district directly, since lines shift and a few addresses on the Mona/Nephi border can go either way.
Are horse properties common in this price range? ▾
Yes, more so than in most Utah County cities at this budget. Plenty of homes under $500K sit on a half-acre to an acre with existing fencing, a loafing shed, or room to add one. If you need irrigation water for pasture, ask specifically about shares in the Mona Irrigation Company or similar — it's separate from culinary water and matters a lot for keeping a horse property green.
How quickly do homes under $500K sell in Mona? ▾
Inventory is thin because Mona is small, so when a well-priced home in this range hits the MLS it tends to move within a few weeks. The market is less frenetic than northern Utah County, but underpriced or move-in-ready properties still draw multiple offers. Setting up an instant MLS alert is the most reliable way to catch new listings as they come up.