Provo-Orem Metro Area, UT Housing

Housing in the Provo-Orem, UT Metro Area is significantly more expensive than the US median value, with the median house price being $520,400. Moreover, homes in this metro area have seen a higher rate of appreciation than the US average over the past year, with an increase of 9.82% compared to 8.27%. This suggests that homes in the Provo-Orem area are becoming more valuable and desirable for potential buyers.

The median home cost in Provo-Orem Metro Area is $520,400. Home appreciation the last 10 years has been 161.4%. Home Appreciation in Provo-Orem Metro Area is up 16.2%.

Average Age of Homes

- The median age of Provo-Orem Metro Area real estate is 24 years old

The Rental Market in Provo-Orem Metro Area

- Renters make up 30.8% of the Provo-Orem Metro Area population
- 1.0% of houses and apartments in Provo-Orem Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Provo-Orem, Utah	United States
	191,340.0	139,647,020.0
	24	42
	$520,400	$338,100
	16.2%	16.6%
	83.5%	57.0%
	161.4%	101.1%
	$4.95	$10.98
	$1,810	$2,690
	65.7%	57.4%
	4.4%	11.2%
	29.9%	31.4%
Vacant Housing
	1.0%	1.9%
	0.2%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	0.9%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.9%	2.4%
	0.6%	2.8%
	0.3%	3.9%
	0.3%	4.5%
	1.4%	11.3%
	4.8%	13.0%
	22.3%	20.1%
	28.1%	13.6%
	17.5%	8.3%
	15.9%	9.7%
	4.3%	3.9%
	1.5%	2.2%
	0.4%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	24.2%	13.6%
	24.2%	13.6%
	17.6%	13.6%
	8.9%	13.2%
	12.7%	14.8%
	17.6%	13.6%
	5.0%	10.0%
	2.7%	4.7%
	4.2%	12.2%

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