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Homes Under $300,000 in Monroe, Utah
Monroe is a small Sevier County town of roughly 2,500 people tucked against the west face of Monroe Mountain, about 7 miles south of Richfield off US-89. Buyers shopping the sub-$300K range here are usually after one of three things: a starter home close to work in Richfield, a retirement-friendly single-level on a quiet street, or a modest property with a little acreage and outbuildings. The good news is Monroe still delivers on all three — it remains one of the more affordable towns along the I-70/US-89 corridor, with older brick ramblers, mid-century homes on big lots, and the occasional manufactured home on land all trading hands in this bracket.
At this price, expect homes built between the 1940s and early 2000s, often on lots a quarter-acre or larger, sometimes with mature fruit trees, a detached shop, or share-water for a garden. Mystic Hot Springs sits right in town, Fishlake National Forest is 20 minutes up the canyon, and Richfield's hospital, Walmart, and Sevier School District offices are a 10-minute drive. Winters are mild compared to the Wasatch Back, and summer highs sit in the upper 80s — easier on utility bills than St. George or northern Utah. Inventory under $300K moves quickly when it's priced right, so it helps to have financing lined up before you tour. Browse the active listings below to see what's currently available in Monroe at this price point.
June 2026 · Monroe market
Live from the Utah MLS — what's actually happening in Monroe right now.
Median sale
$340,486
2 closed in June 2026
Median DOM
135 days
listing → contract
Sale-to-list
101.3%
of final list price
Unsold inventory
25
active + pending
14 matching · page 1 of 1
Active listings
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Common questions
About homes under $300k in Monroe.
What does under $300K actually buy in Monroe right now? ▾
Most commonly a 3-bed, 1-to-2-bath home between 1,200 and 1,900 square feet on a quarter-acre to half-acre town lot. Older brick ramblers, modest two-story homes, and well-kept manufactured homes on owned land all fall in this range. Condition varies widely — some are move-in ready, others need cosmetic work or system updates.
How does Monroe pricing compare to nearby Richfield or Salina? ▾
Monroe generally runs $20K–$40K less than comparable homes in Richfield because Richfield has the hospital, Walmart, and larger employment base. Salina is similar to Monroe on price but smaller in inventory. For buyers who don't mind a 10–15 minute commute, Monroe is the value play in Sevier County.
Are USDA Rural Development loans available in Monroe? ▾
Yes. Monroe's population and rural designation make essentially the entire city eligible for USDA's no-down-payment loan program, which is a major advantage at this price point. Income limits apply, but most single-earner and many dual-earner households qualify.
Do homes under $300K in Monroe typically come with water shares? ▾
Many do. Monroe has a long irrigation tradition, and shares from Monroe Irrigation Company or Annabella Irrigation are often deeded with the property. Always confirm shares in writing during the offer phase — they add real value for anyone planning a garden, orchard, or small livestock setup.
What are property taxes like in Sevier County? ▾
Sevier County has some of the lower property tax rates in Utah. On a $275,000 primary residence, expect roughly $1,100–$1,400 per year after the residential exemption. Non-primary and investment properties are taxed at the full rate, which roughly doubles the bill.
Is it realistic to find a home with acreage under $300K here? ▾
Occasionally, yes — usually a half-acre to an acre in town, or a smaller older home on 2–5 acres just outside city limits in Elsinore or Joseph. True acreage with a modern home almost always pushes past $300K, but patient buyers do find rural parcels in this range a few times a year.