Provo, UT has a median housing value of $454,100, which is significantly higher than the US median house value of $338,100. In addition, the US 1 year house appreciation rate is 8.27%, and the house 1 year appreciation rate in Provo, UT is 10.89%. This indicates that housing in Provo is on an upward trend in terms of value and appreciation compared to other areas in the United States. It's a great time to invest in a home or real estate property in Provo as the market appears to be on an upward trajectory.
The median home cost in Provo is $454,100. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Provo is up 16.1%.
Average Age of Homes
- The median age of Provo real estate is 37 years old
The Rental Market in Provo
- Renters make up 54.9% of the Provo population
- 1.9% of houses and apartments in Provo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.