Foreclosures in Orem, UT

Current Market Conditions in Orem, UT

The current real estate market in Orem is experiencing a steady growth trend, driven by a robust economy and a high demand for housing. This has led to an increase in property values and a competitive market where homes are selling quickly. Investors can find opportunities in both rental properties and home flips, given the influx of residents seeking to relocate to this desirable area.

Investments in Orem are further bolstered by the region's consistent population growth and job market expansion. As more individuals move to Orem for work or education, the demand for housing continues to rise, signaling a positive outlook for future investment potential.

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 $1,898.00. 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 $1,840.00. 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.