Provo-Orem-Lehi
Utah · Ranked #257 of 373 metros
64Moderate
💡
Housing in Provo-Orem-Lehi costs 5.62× the median income, above the national average of 4.5×. The median home price is $567K and median rent is $1,556/month. Provo-Orem-Lehi ranks #257 of 373 metros for affordability.
Median Home Price
🏠$567K
Need $168K income
Median Rent
🔑$1,556
Need $62K income
Building Permits
🔨6,428
annual
Median Income
💰$101K
Pop: 554,735
Rent Burden
⚠️21.5%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Provo-Orem-Lehi | National |
|---|---|---|
| Price-to-Income Ratio | 5.62x | 6.1x |
| Rent Burden | 21.5% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,257/mo
1 Bedroom$1,265/mo
2 Bedroom$1,460/mo
3 Bedroom$2,031/mo
4 Bedroom$2,449/mo
Zillow Market Data
Home Value (ZHVI)
$539K
1yr: +2.4%5yr: +29.8%
Rent (ZORI)
$1,732/mo
1yr: +2.6%5yr: +28.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$299K
Active Inventory
189
Days on Market
74
Sold Above List
21.7%
Price Drops
14.8%