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Homes Under $500,000 in Neola, Utah
Neola sits in the Uinta Basin in northern Duchesne County, tucked against the south slope of the Uinta Mountains about 15 minutes northwest of Roosevelt. Homes here aren't suburban — they're rural, usually on an acre or more, often with irrigation shares, a shop or barn, and room for horses or a few head of cattle. Under $500K is a realistic working budget in this market: it covers a wide slice of what's actively listed, from updated stick-built homes on a couple of acres to older farmhouses and manufactured homes on larger parcels. Buyers coming from the Wasatch Front are usually surprised how much land and square footage that number stretches to once you get east of Strawberry Reservoir.
The trade-off is distance and lifestyle fit. Salt Lake City is roughly 2.5 hours west, Roosevelt handles most day-to-day shopping and medical needs, and winters bring real snow and cold inversions in the basin. In exchange, buyers get access to the Uintas for fishing, hunting, and snowmobiling within minutes, low property taxes through Duchesne County, and the kind of quiet that's hard to find closer to the metro areas. Many oil and gas industry workers, ranchers, and remote workers land in Neola for exactly that reason. Listings move at a slower pace than Utah County, but inventory is also thin, so the right home tends to find its buyer quickly. Browse the active listings below to see what's currently on the market under $500K.
April 2026 · Neola market
Live from the Utah MLS — what's actually happening in Neola right now.
Median sale
$266,500
2 closed in April 2026
Median DOM
89 days
listing → contract
Sale-to-list
96.1%
of final list price
Unsold inventory
2
active + pending
4 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Neola.
What does $500K typically buy in Neola? ▾
In most cases, a 3-4 bedroom home on at least a half-acre, and often 1-5 acres with outbuildings, a shop, or pasture. Newer manufactured homes on land and older site-built farmhouses both show up in this range. Acreage parcels with water rights occasionally land under $500K as well.
Are most homes in Neola on well and septic? ▾
Yes. Neola is rural and outside any municipal water system, so nearly every property runs on a private well and septic system. Ask for recent well flow tests, water quality reports, and septic inspection records before writing an offer.
How is financing handled for properties on tribal or reservation-adjacent land? ▾
Portions of the Neola area fall within the Uintah and Ouray Reservation boundary, and some parcels are tribal trust land that cannot be sold to non-tribal buyers. Fee-simple land sells normally, but lenders sometimes ask extra questions about the title. A local title company familiar with Duchesne County can clarify any given parcel quickly.
How many homes are usually for sale under $500K in Neola at one time? ▾
Inventory is thin — often only a handful of active listings in the whole Neola/Altamont/Mountain Home area at any moment. New listings can sit briefly or sell fast depending on acreage and condition, so setting up an automated MLS alert is worth it.
What are property taxes like in Duchesne County? ▾
Duchesne County has some of the lower effective property tax rates in Utah, and ag-exempt parcels (greenbelt) drop the bill further on qualifying acreage. Expect annual taxes on a typical Neola home under $500K to run roughly $1,200-$2,500, depending on land use status and improvements.
How far is Neola from services and the nearest larger town? ▾
Roosevelt is about 15-20 minutes south and handles groceries, the hospital (Uintah Basin Healthcare), and big-box shopping. Vernal is roughly 45 minutes east, and Salt Lake City is about a 2.5- to 3-hour drive over Daniels Summit on US-40.