Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$538,775+1.4% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 27% have cut their price
Income needed to buy, per year$116,795About 1.2× the local median income ($100,543): a stretch for a typical household
Days on market68 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Provo-Orem-Lehi, UT is worth $538,775, up 1.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $473,503, so the area is 13.8% overvalued. It is a balanced market: homes take about 68 days to sell, listings are down 1% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $116,795 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $100,543. Typical rent is $1,773 a month, or $2,279 for a house. In the latest IRS figures, 4,447 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$538,775
Change in 1 year
+1.4%
Overvalued %
+13.8%
Show 7 more
Fair home value
$473,503
Change in 5 years
+10.9%
Zillow forecast, next 12 months
+1.9%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$2,920
Income needed to afford it
$116,795
Property tax rate
0.44%
Rent and investing
Typical rent
$1,773
Typical rent for houses
$2,279
Price-to-rent ratio
25.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,363
Gross rental yield
3.95%
Cap rate (estimate)
2.57%
Market activity
Listings vs a year ago
−0.6%
Days on market
68
Listings with a price cut
26.6%
Show 3 more
Homes for sale
2,876
Pending sales per 100 listings
32
Asking price per sq ft
$218
People and jobs
Median household income
$100,543
Population change (1 year)
+1.9%
Unemployment rate
3.7%
Show 4 more
Population
773,426
Income adjusted for cost of living
$102,386
Net moves in (IRS)
+4,447
Cost of living (US = 100)
98.2
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
93.9
Unhealthy air days a year
1
Show 4 more
Flood risk score
89.0
Wildfire risk score
98.8
Walkability (1 to 20)
10.6
Road, rail and air noise
54 dB
Questions people ask
Is Provo-Orem-Lehi, UT overvalued?
Home prices in Provo-Orem-Lehi, UT are well above what local incomes have historically supported: fair value is about $473,503, so the area is 13.8% overvalued.
Is Provo-Orem-Lehi, UT a buyer's or seller's market?
Provo-Orem-Lehi, UT is a balanced market: homes take about 68 days to sell, listings are down 1% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Provo-Orem-Lehi, UT?
Home values in Provo-Orem-Lehi, UT are up 1.4% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Provo-Orem-Lehi, UT?
A household needs about $116,795 a year to afford the typical home in Provo-Orem-Lehi, UT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $100,543.