Zip 84057 (Orem, UT) Housing

The median value of housing in 84057 Orem, UT is $428,600, which is significantly higher than the US House median value of $338,100. The US 1 year house appreciation rate is 8.27%, while the house 1 year appreciation rate in Orem is 8.44%. This indicates that there has been an increase in the overall value of housing in this area, making it a desirable place to live. With the increasing demand for housing in this region and the strong appreciation rates seen over the past year, it's no wonder that people are choosing to make Orem their home.

The median home cost in Orem (zip 84057) is $428,600. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Orem (zip 84057) is up 16.3%.

Average Age of Homes

- The median age of Orem (zip 84057) real estate is 35 years old

The Rental Market in Orem (zip 84057)

- Renters make up 38.7% of the Orem (zip 84057) population
- 1.9% of houses and apartments in Orem (zip 84057), 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	Orem, Utah	United States
	12,575.0	139,647,020.0
	36	42
	$428,600	$338,100
	16.3%	16.6%
	83.0%	57.0%
	157.2%	101.1%
	$4.71	$10.98
	$1,415	$2,690
	60.0%	57.4%
	5.2%	11.2%
	34.8%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.4%	0.4%
	0.1%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	2.4%	2.4%
	1.4%	2.8%
	0.2%	3.9%
	0.1%	4.5%
	2.7%	11.3%
	9.3%	13.0%
	32.3%	20.1%
	30.8%	13.6%
	13.5%	8.3%
	4.7%	9.7%
	0.4%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.7%	13.6%
	11.7%	13.6%
	21.8%	13.6%
	17.7%	13.2%
	23.0%	14.8%
	21.8%	13.6%
	10.6%	10.0%
	2.3%	4.7%
	1.0%	12.2%

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