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Foreclosures in Orem, UT

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Living in Orem, UT

Orem, UT is a thriving city located in Utah Valley, known for its mountain views, active lifestyle, and family-friendly atmosphere. With a strong focus on education and a variety of recreational activities, Orem caters to individuals of all ages. The convenient transportation options and vibrant community events make it an appealing destination for real estate investors.

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.

Home Value Estimator For Orem, UT

There are currently 21,886 real estate properties in Orem, UT, with a median automated valuation model (AVM) price of $523,912.00. 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 $558,624.00, 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 $1,898.00. 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.

Orem, UT Foreclosures


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