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City-owned Homes And Land in Orem, UT

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Orem, UT Foreclosures

Current Market Conditions in Orem, UT as of July 2026?
Home values: +0.67% MoM; rent: +0.00% MoM.
How much do homes sell for in Orem, UT?
The average home price is currently $578,473.
In Orem, UT, how many homes are available?
There are currently 151 active home listings available in Orem.
What’s the average rental cost in Orem, UT?
The average rental price in Orem is $1,896.
What is the most expensive home in Orem?
The most expensive home sold in Orem had a price of $24,509,800.
What is currently the cheapest priced home in Orem, UT?
The cheapest home for sale in Orem is priced at $11,600.

Living in Orem, UT

Orem, UT is a Utah County market with access to universities, healthcare, retail, transit, and outdoor recreation, making it attractive for investors seeking steady residential demand along the Wasatch Front.

Buyer vs Seller Market in Orem, UT

Median home value: $528,194 as of 2026-07-14.

Median rent: $1,830 as of 2026-07-14.

Home values: +0.67% MoM, +1.06% YoY.

Rent: +0.00% MoM, -0.54% YoY.

Home Value Estimator For Orem, UT

There are currently 24,267 real estate properties in Orem, UT, with a median automated valuation model (AVM) price of $528,194.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orem, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Orem, UT, is $578,473.00, with the most expensive house in Orem, UT, topping out at $24,509,800.00 and the cheapest home in Orem, UT, clocking in at $11,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Orem, UT!

Rent Prices In Orem, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orem, UT, is on a rollercoaster ride. The average rent price in Orem, UT, is $1,896.00. Indeed, when looking to rent in Orem, UT, you can expect to pay as little as $670.00 or as much as $3,640.00, with the average rent median estimated to be $1,830.00. The good news is that finding an affordable and desirable property to rent in Orem, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Orem, UT City-owned Homes And Land

Orem, UT
City-Owned Homes and Land Market

Listings  151
Area price range
$11,600 – $24,509,800
Avg market value
$578,473
Property types
Homes & Land
Sale method
Auction / Bid / RFP

In Orem, UT, city-owned homes and land are sold by the municipality or a public land bank — often below the surrounding market, where home values typically range $11,600 to $24,509,800 (averaging about $578,473). Inventory can include vacant lots, tax-foreclosed homes, and surplus parcels offered through public auctions, sealed bids, or request-for-proposal programs.

  • Active inventory: 151 city-owned properties currently available in Orem.
  • Below market: Municipal sales prioritize redevelopment over profit, so prices can fall under the ~$578,473 local average.
  • Buyer note: Listings may carry use restrictions or rehabilitation requirements — review the terms before you bid.
At-a-glance: Local avg value: $578,473 • Sold via auction, sealed bid, or RFP
City-owned availability and terms vary by municipality. Market values reflect recent local activity and may vary by neighborhood and property type.

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