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Homes Under $500,000 in Springville, Utah
Springville has quietly held onto affordability longer than most Utah County cities, and homes priced under $500,000 still represent a meaningful share of the market here. Sitting at the southern end of the Provo-Orem metro along US-6, Springville offers quick access to Provo (about 10 minutes north) and the broader Wasatch Front employment corridor without the price premiums attached to Provo's closer-in neighborhoods. The city's median household income, family-oriented neighborhoods like Kolob Estates and Oak Crest, and a well-regarded Nebo School District draw first-time buyers and move-up buyers alike. At the sub-$500K price point, shoppers typically find three- and four-bedroom single-family homes built between the 1970s and early 2000s, the occasional newer townhome, and sometimes a ranch-style home on a larger lot — a rarity this close to the Wasatch Front.
The local real estate market in Springville tends to be less volatile than Lehi or Saratoga Springs, partly because of its more established housing stock and partly because it attracts buyers prioritizing value over new construction flash. Springville is also home to the Utah Valley University satellite campus, the Springville Museum of Art (one of Utah's oldest), and trailhead access to the Hobble Creek Canyon recreational corridor just minutes to the east. Interest rates and inventory shifts in 2024–2025 have nudged more listings into the sub-$500K range than buyers saw during the 2021–2022 peak, making this an active segment of the local MLS worth watching closely. Browse the active listings below to see what's currently on the market.
June 2026 · Springville market
Live from the Utah MLS — what's actually happening in Springville right now.
Median sale
$469,500
16 closed in June 2026
Median DOM
10 days
listing → contract
Sale-to-list
100.8%
of final list price
Unsold inventory
126
active + pending
66 matching · page 1 of 3
Active listings
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Common questions
About homes under $500k in Springville.
What kind of home can I actually get in Springville for under $500K? ▾
Most listings in this range are 3-4 bedroom single-family homes between 1,400 and 2,400 finished square feet, plus a healthy share of townhomes and twin homes. Older ramblers near downtown often have larger lots (0.20-0.30 acre) but need updates, while newer townhomes in the $400Ks tend to be turnkey with smaller yards. Condition and lot size are usually the trade-off at this price.
Are there new construction homes in Springville under $500K? ▾
Occasionally yes, but almost always townhomes or smaller attached product rather than detached single-family. Builders working the west side and along the Spanish Fork border have released attached units in the $410K-$485K range over the last couple of years. Detached new builds in Springville have mostly moved above the $500K mark.
Which Springville neighborhoods see the most activity under $500K? ▾
The older grid around 400 South and Main, the Spring Acres area east of I-15, and the newer subdivisions off 1600 South near Westfields all turn over regularly in this price band. Homes closer to Hobble Creek Canyon tend to push higher because of the views and lot sizes.
What are property taxes like on a $450K home in Springville? ▾
Utah County's effective rate runs roughly 0.55%-0.70% depending on the taxing district, and Springville falls near the middle. On a $450K primary residence with the owner-occupied exemption, expect annual property taxes in the $1,700-$2,200 range. Always verify the current rate with the county for the specific parcel.
How competitive is the under-$500K market in Springville right now? ▾
It's the most active price band in the city. Well-priced, updated homes under $500K typically see multiple showings the first weekend and can go under contract within 7-14 days. Homes needing significant work or priced above comps sit longer, which is where buyers willing to do cosmetic updates often find room to negotiate.
Is Springville a good commute for Silicon Slopes or Salt Lake jobs? ▾
It's reasonable for Utah County tech jobs — 15-25 minutes to Orem, Provo, and Vineyard. Salt Lake commutes run 50-70 minutes each way on I-15 depending on traffic, so most SLC commuters use FrontRunner from the Provo station about 10 minutes north. Lehi and Draper tech corridor commutes typically run 30-45 minutes.