bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $300,000 in Provo, Utah
Provo's real estate market has grown significantly over the past decade, fueled by Brigham Young University's 35,000-plus student population, a booming tech corridor along the I-15 spine nicknamed the "Silicon Slopes," and consistent in-migration from buyers priced out of Salt Lake County. Homes priced under $300,000 still exist in Provo, but the inventory is tight and moves fast — we're talking days on market, not weeks. At this price point, buyers will most often encounter condos and townhomes near downtown or the BYU corridor, older single-family bungalows in established westside neighborhoods like Carterville or Franklin, and the occasional fixer-upper that needs updating. The Provo School District serves most of the city, and Utah Valley University sits just a few miles north in Orem, adding further demand pressure on entry-level properties throughout the area.
For buyers working within a $300,000 budget, understanding what drives Provo prices helps set realistic expectations. Utah County's median single-family home price has hovered well above $400,000 in recent years, which means sub-$300K listings frequently attract multiple offers — especially when they're move-in ready. Cash buyers and investors competing for rentable units near campus add another layer of competition. That said, condos in complexes like Riverside or properties in need of cosmetic work can still land in this range and offer genuine long-term equity potential, particularly as Silicon Slopes employment continues to draw professionals to the area. Browse the active listings below to see what's currently on the market.
June 2026 · Provo market
Live from the Utah MLS — what's actually happening in Provo right now.
Median sale
$475,000
63 closed in June 2026
Median DOM
15 days
listing → contract
Sale-to-list
99.0%
of final list price
Unsold inventory
291
active + pending
45 matching · page 1 of 2
Active listings
Prefer the map?
See all 45 homes under $300k on a map
Pan around Provo and refine by drawing your own boundary.
Common questions
About homes under $300k in Provo.
What kind of homes can I actually get in Provo under $300K? ▾
Mostly condos and townhomes, especially two-bedroom units in older complexes near BYU and along State Street. You'll occasionally see small single-family homes on the west side or manufactured homes on owned lots, but detached houses at this price are scarce and usually need work.
Are these condos FHA-approved? ▾
Some Provo complexes are FHA-approved and some aren't — it changes year to year based on the HOA's owner-occupancy ratio and budget reserves. Always confirm current FHA status before writing an offer if you're using an FHA loan. Your agent can pull the approval list from HUD directly.
Can I rent a Provo condo to BYU students if I buy it as an investment? ▾
Only if the unit is in a city-approved high-density or student housing zone, and the HOA allows it. Provo strictly enforces rental restrictions in single-family neighborhoods, and BYU-contracted student housing has its own separate approval process through the university. Verify both city zoning and HOA rules before counting on rental income.
How fast do sub-$300K listings sell in Provo? ▾
Move-in-ready condos and small homes in this price range typically go under contract within one to three weeks, sometimes faster when interest rates dip. Properties needing repairs sit longer but often attract multiple investor offers. Having financing pre-approved and being ready to see new listings the day they go live makes a real difference.
What are HOA fees like on Provo condos in this range? ▾
Most run $150 to $300 per month. Lower-fee HOAs usually just cover exterior insurance and common-area landscaping, while higher-fee complexes often include water, sewer, trash, and sometimes gas heat. Always pull the HOA financials and reserve study during due diligence.
Are there down payment assistance programs that work in Provo? ▾
Yes. Utah Housing Corporation offers first-time buyer loans with down payment assistance that pair with FHA, VA, and conventional financing, and Provo-area buyers use them regularly. Income limits and purchase price caps apply, but a home under $300K usually fits within program guidelines.