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Homes Under $500,000 in Paragonah, Utah
Paragonah is a quiet farming town tucked against the foothills just north of Parowan, about 20 minutes up I-15 from Cedar City. Under $500,000 covers a meaningful slice of the local market here — older ranchers on big lots, updated three-bedroom homes with detached shops, and the occasional newer build on an acre with irrigation shares. Because the town has fewer than 200 households, listings don't turn over constantly, and buyers who watch the MLS closely tend to catch the best ones. Elevation sits around 5,800 feet, so summers are dry and mild with cool nights, and winters bring real snow without the heavy lake-effect dumps you'd see further north.
Buyers drawn to Paragonah at this price point are usually trading square footage for land, quiet, and proximity to public lands — Parowan Canyon, Brian Head ski resort 30 minutes east, and Yankee Meadow Reservoir are all close by. It's a practical base for someone working in Cedar City who wants horses, a shop, or a garden without paying Cedar City lot prices. Iron County School District serves the town, with Parowan handling K-12. If acreage, water rights, or a workshop matter as much as the house itself, this corner of Iron County rewards patience. Browse the active listings below to see what's currently on the market under $500K.
March 2026 · Paragonah market
Live from the Utah MLS — what's actually happening in Paragonah right now.
Median sale
$460,000
2 closed in March 2026
Median DOM
66 days
listing → contract
Sale-to-list
98.9%
of final list price
Unsold inventory
1
active + pending
9 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Paragonah.
What kind of home can I actually get in Paragonah under $500K? ▾
Most sub-$500K listings in Paragonah are single-family homes on larger lots — think a third of an acre up to a full acre or more — with three to four bedrooms and detached shops or outbuildings. Older homes from the 1970s-90s sit at the lower end, while updated builds and newer manufactured homes on permanent foundations fill the mid range. Lot size and water rights often matter more to price here than square footage.
Does Paragonah have many homes for sale at any given time? ▾
Paragonah is small — population around 500 — so inventory is thin. It's common to see only a handful of active listings under $500K at once, and well-priced properties can move quickly to Parowan, Cedar City, and out-of-state buyers looking for quiet acreage. Setting up an MLS alert is the practical move.
Are there water or irrigation rights attached to these properties? ▾
Many Paragonah parcels include shares in the Paragonah Irrigation Company, which matters if you want pasture, a garden, or livestock. Not every sub-$500K listing carries shares, and the number of shares varies — always confirm what conveys with the deed before writing an offer.
What's the commute like from Paragonah to Cedar City or I-15 jobs? ▾
Paragonah sits right off I-15 exit 95, about 18 miles north of Cedar City — a 20-minute drive. Parowan is five minutes south. That makes it realistic to work at SUU, Cedar City hospitals, or the industrial corridor while living on rural acreage.
What school district serves Paragonah? ▾
Paragonah is in the Iron County School District. Elementary-age kids typically attend Parowan Elementary, with middle and high school students going to Parowan Middle and Parowan High a few miles south.
Are property taxes lower in Paragonah than in nearby cities? ▾
Iron County property tax rates are among the more reasonable in Utah, and Paragonah's town levy is modest. Primary residences get the 45% residential exemption, so a $400,000 owner-occupied home typically runs roughly $1,600-$2,000 a year in total property tax depending on the exact rate that year.