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Homes Under $500,000 in South Salt Lake, Utah
South Salt Lake sits in a sweet spot for buyers trying to stay under $500,000 along the Wasatch Front. The city covers roughly seven square miles between I-15 and I-80, and most homes in this price range are mid-century ramblers and bungalows on the grid streets south of 2100 South — think the Roosevelt, Lincoln, and Granite neighborhoods. Lots tend to run 6,000 to 8,000 square feet, bigger than what the same money buys in Sugar House or the Avenues, and the housing stock skews to 1940s-1960s construction with detached garages and mature trees. TRAX Blue Line stations at Central Pointe and Millcreek put downtown jobs about 10 minutes away by rail, which is a real factor for buyers comparing this area to the suburbs.
Under $500K, expect to see a mix of original-condition starter homes around $350-$425K, lightly updated 3-bedrooms in the $425-$475K range, and the occasional newer townhome near the S-Line streetcar corridor approaching the ceiling. The city has been pushing redevelopment around the Granite District and the old Sears site on State Street, so condition and proximity to those projects can swing value noticeably block by block. Property taxes run reasonable compared to Park City or Holladay, and water rates are set by the city's own utility. Inventory turns quickly in this band because it overlaps with FHA and first-time buyer loan limits. Browse the active listings below to see what's currently on the market.
June 2026 · South Salt Lake market
Live from the Utah MLS — what's actually happening in South Salt Lake right now.
Median sale
$513,250
10 closed in June 2026
Median DOM
5 days
listing → contract
Sale-to-list
99.0%
of final list price
Unsold inventory
53
active + pending
36 matching · page 2 of 2
Active listings
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Common questions
About homes under $500k in South Salt Lake.
What kind of home does $500K actually buy in South Salt Lake? ▾
Most listings under $500K here are 2-4 bedroom post-war ramblers and bungalows between roughly 1,100 and 1,800 square feet, often on the original mid-century lots near State Street, 3300 South, and the Granite neighborhood. You'll also see townhomes and the occasional small duplex in this range. Updated kitchens and finished basements show up more often above $425K.
Is South Salt Lake a separate city from Salt Lake City? ▾
Yes. South Salt Lake is its own incorporated city of about 26,000 people, bordered roughly by I-80 to the north, 3900 South to the south, and tucked between Millcreek and West Valley. It has its own mayor, police department, and zoning, which is why property taxes and permitting can differ from SLC proper.
How's the commute to downtown Salt Lake and the airport? ▾
Downtown SLC is about 10-15 minutes north on I-15 or State Street, and SLC International is roughly 15-20 minutes via I-80. The TRAX Blue Line runs through South Salt Lake with stops at Central Pointe, Millcreek, and Meadowbrook, which is a real selling point for buyers who want to skip the car commute.
Are there HOA-free options under $500K? ▾
Yes — most of the older single-family stock on streets like Lincoln, Washington, and Main has no HOA. HOAs mostly show up on the newer townhome developments near the S-Line streetcar and around the Granite district redevelopment. If avoiding monthly dues matters, focus on homes built before 1980.
What should I know about older homes in this price range? ▾
A lot of the inventory was built between 1940 and 1965, so expect to ask about the sewer line, electrical panel (some still have fuses or 100-amp service), and whether the original boiler or furnace has been replaced. Many homes sit on clay soil, so check the foundation and any basement moisture history during inspection.
Is South Salt Lake a good rental market if I want to house-hack? ▾
It's one of the stronger rental submarkets along the Wasatch Front because of TRAX access, proximity to downtown jobs, and the SLCC South City Campus. Small multi-family and homes with basement apartments under $500K do exist but move quickly — having financing lined up before you tour helps.