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Homes Under $500,000 in Richfield, Utah
Richfield sits at roughly 5,300 feet elevation in the Sevier Valley, about 185 miles south of Salt Lake City and 130 miles north of St. George — close enough to major metros for supply runs, far enough to keep prices well below the Wasatch Front average. The city of around 8,000 residents serves as the Sevier County seat, anchoring a regional economy built on agriculture, state government jobs, healthcare (Sevier Valley Hospital draws workers from the whole region), and steady traffic from I-70 travelers. Those fundamentals have kept the housing market approachable: the majority of single-family homes in Richfield still transact under $500,000, meaning buyers in this price range have genuine options — entry-level starter homes, mid-size family homes on quarter-acre lots, and even some older brick ranch-styles with room to update. Winters are cold and snowy (expect lows in the teens through January), summers are warm and dry with highs near 90°F, and the area averages about 245 sunny days per year.
The sub-$500K segment in Richfield covers a wide spectrum. On the lower end, buyers find 3-bedroom homes in established neighborhoods near Richfield Elementary or the Sevier District schools for $250,000–$350,000 — a price point that has nearly vanished in Utah County or along the Wasatch Front. Mid-range homes in the $350,000–$499,000 band often include newer construction, larger lots, or proximity to the Richfield Golf Course and Fremont Indian State Park for outdoor recreation. Because Richfield is not a resort town, there is little speculative buying pressure inflating prices, so what you see is largely driven by genuine local demand. Browse the active listings below to see what's currently available.
June 2026 · Richfield market
Live from the Utah MLS — what's actually happening in Richfield right now.
Median sale
$200,000
3 closed in June 2026
Median DOM
6 days
listing → contract
Sale-to-list
97.9%
of final list price
Unsold inventory
38
active + pending
50 matching · page 3 of 3
Active listings
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Common questions
About homes under $500k in Richfield.
What does $500K actually buy in Richfield? ▾
At this price point you're typically looking at 3-5 bedroom homes between 1,800 and 3,200 square feet, often with a finished basement, attached two-car garage, and a fenced yard. Newer construction in subdivisions on the south end of town tends to sit in the $400Ks, while updated older homes closer to Main Street and the high school come in lower. Properties with shop space or larger lots push toward the top of the range.
Are most homes under $500K in Richfield move-in ready? ▾
Generally yes. Richfield has a healthy mix of homes built in the 1990s through 2020s in this bracket, and many older properties have been updated with new roofs, HVAC, and kitchens. You'll still find some fixers from the 1960s and 70s priced in the $200Ks and $300Ks if you want a project.
How long do homes in this price range usually stay on the market? ▾
Days-on-market in Richfield runs longer than along the Wasatch Front — often 30 to 90 days for homes under $500K, depending on season and condition. Spring and early summer move fastest. That gives buyers more negotiating room than they'd have in Provo or Lehi.
Is Richfield a reasonable commute to anywhere bigger? ▾
Richfield itself is the regional hub for central Utah, so most residents work locally at the hospital, the college, the school district, or county offices. Cedar City is about 90 minutes south on I-15 via I-70, and Provo is roughly two hours north. It's not a daily Salt Lake commute town.
Do homes under $500K here come with usable land? ▾
Many do. Quarter-acre to half-acre lots are common inside city limits, and just outside town in Glenwood, Annabella, and Elsinore you can find one- to five-acre parcels with homes still under $500K. Water shares and irrigation rights vary parcel to parcel, so that's worth checking on any rural listing.
What should out-of-area buyers know about Richfield winters? ▾
Expect cold nights with lows in the teens and 20s from December through February, daytime highs often in the 30s and 40s, and moderate snow that usually clears off roads quickly. It's drier and sunnier than Park City or Heber, and the valley doesn't get the inversion problems the Wasatch Front deals with.