Provo housing market
Typical home value
$539K
▲ 1.4% 1 yr
Typical rent
$1,773/mo
▲ 1.8% 1 yr
12-month forecast
+1.9%
#289 of 546 metros
Gross rent yield
3.9%
#515 of 546 · U.S. 6.3%
Days to pending
55 days
■ 0 days 1 yr
Listings with a price cut
36%
▲ +1.1 pts 1 yr
Key takeaways
- 1The typical home is worth $538,775, up 1.4% in a year and up 11% over five years.
- 2Zillow forecasts home values rising 1.9% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,773/mo (+1.8% YoY), a 3.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,961/mo in principal and interest, $1,188 more than renting.
- 5Homes go under contract in 55 days (0 days vs last year); 36% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Provo compares
| Measure | Provo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.4% | +1.2% | #338 |
| Home value, 5-yr change | +10.9% | +19.7% | |
| 12-month forecast | +1.9% | +1.1% | #289 |
| Rent, 1-yr change | +1.8% | +2.7% | #426 |
| Gross rent yield | 3.9% | 6.3% | #515 |
| Price-to-rent ratio | 25.3 | 15.8 | |
| Mortgage P&I on typical home | $2,961 | $2,012 | |
| Income needed to buy | $135,631 | $100,902 | |
| Days to pending | 55 | 56 |
Cities in the Provo metro
10 cities with home value and rent data.
| Provo | $479K | ▲ 1.3% | $1,575 | ▲ 3.8% | 3.9% |
| Orem | $500K | ▲ 2.4% | $1,512 | ▲ 2.2% | 3.6% |
| Lehi | $569K | ▲ 1.3% | $2,168 | ▲ 3.3% | 4.6% |
| Spanish Fork | $512K | ▲ 1.5% | $2,011 | ▲ 2.3% | 4.7% |
| Eagle Mountain | $505K | ▼ 0.6% | $2,301 | ▲ 3.4% | 5.5% |
| Pleasant Grove | $551K | ▲ 1.9% | $1,713 | ▲ 4.4% | 3.7% |
| American Fork | $524K | ▲ 1.8% | $1,627 | ▼ 0.8% | 3.7% |
| Saratoga Springs | $553K | ▲ 0.1% | $2,204 | ▲ 1.2% | 4.8% |
| Springville | $503K | ▲ 1.5% | $1,614 | ▲ 3.5% | 3.9% |
| Vineyard | $524K | ▲ 0.6% | $1,718 | ▼ 0.2% | 3.9% |
Run the numbers
Rental property calculator
Cash flow on a typical Provo rental ($539K, $1,773/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Provo home.
Rent vs buy
Is it cheaper to rent or buy in Provo?
Other Utah metros
Salt Lake City, UT
$559K home$1,644 rent3.5% yield
▲ 1.1% 1 yr
Ogden, UT
$509K home$1,631 rent3.8% yield
▲ 1.7% 1 yr
St. George, UT
$525K home$1,848 rent4.2% yield
▼ 0.6% 1 yr
Logan, UT
$467K home$1,435 rent3.7% yield
▲ 3.0% 1 yr
Heber, UT
$1.14M home$2,978 rent3.1% yield
▲ 4.1% 1 yr
Cedar City, UT
$410K home$1,491 rent4.4% yield
▲ 2.4% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.