Orem, UT housing market
Typical home value
$500K
▲ 2.4% 1 yr
Typical rent
$1,512/mo
▲ 2.2% 1 yr
Gross rent yield
3.6%
U.S. 6.3%
5-year home value change
+15%
U.S. +20%
Key takeaways
- 1The typical home in Orem is worth $500,448, up 2.4% over the past year and up 15% over five years.
- 2Typical rent is $1,512 a month (+2.2% YoY), a gross rent yield of 3.6% (below the Provo, UT metro's 3.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,750/mo, $1,238 more than typical rent.
- 4Zillow forecasts the Provo, UT metro's home values to change +1.9% over the next 12 months.
Market temperature (Provo, UT metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 21/100, #525 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Orem compares
| Measure | Orem | Provo, UT metro | United States |
|---|---|---|---|
| Typical home value | $500,448 | $538,775 | $366,157 |
| Home value, 1-yr change | +2.4% | +1.4% | +1.2% |
| Typical rent | $1,512 | $1,773 | $1,932 |
| Rent, 1-yr change | +2.2% | +1.8% | +2.7% |
| Gross rent yield | 3.6% | 3.9% | 6.3% |
| Price-to-rent ratio | 27.6 | 25.3 | 15.8 |
| Mortgage P&I, typical home | $2,750 | $2,961 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Orem rental, pre-filled.
Rent vs buy in Orem
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $500K home.
Other cities in the Provo, UT metro
Provo, UT
$479K home$1,575 rent
▲ 1.3% 1 yr
Lehi, UT
$569K home$2,168 rent
▲ 1.3% 1 yr
Spanish Fork, UT
$512K home$2,011 rent
▲ 1.5% 1 yr
Eagle Mountain, UT
$505K home$2,301 rent
▼ 0.6% 1 yr
Pleasant Grove, UT
$551K home$1,713 rent
▲ 1.9% 1 yr
American Fork, UT
$524K home$1,627 rent
▲ 1.8% 1 yr
Saratoga Springs, UT
$553K home$2,204 rent
▲ 0.1% 1 yr
Springville, UT
$503K home$1,614 rent
▲ 1.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.