Markets/Utah/Provo-Orem

Provo-Orem, UT Real Estate Market 2026

Investor-grade market analytics for Provo-Orem, Utah. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$548,061

+1.8% year-over-year

Est. Rental Yield

4.0%

gross annual

12-Month Forecast

-5.9%

base case (Zillow ZHVF)

-5.9% year-over-year

Market Momentum

➡️
Neutral
3.6mo supply · Score +1/7

Migration: Top 3% nationally

Income Migration

➡️ Neutral0.98x

In-migrants avg $70,115 AGI vs out-migrants $71,315

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Opportunity Zone Market

3 ZIP codes in Provo-Orem are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Provo-Orem Market Summary

Provo-Orem, UT is in a stabilization phase with 1.8% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.67x, above the national average of 4.8x. Modest net positive migration (+2,936 returns/year) provides steady demand support. Climate risk is moderate (40/100) with manageable exposure. Rental yield of 4.05% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score62/100
Price-to-Income Ratio5.7x (national avg 4.8x)
Median Household Income$96,745

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-8.8%
Base Case-5.9%
Bull Case-2.9%

Climate & Natural Hazard Risk

Provo-Orem, UT's primary climate exposure is wildfire (60/100). The composite climate risk score of 40/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Provo-Orem dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.