Foreclosures in Orem, UT

Current Market Conditions in Orem, UT

Currently, the real estate market in Orem is experiencing a steady increase in home values due to high demand and limited inventory. The median home price has risen, reflecting a robust interest from both first-time buyers and investors. As more families seek the excellent school systems and recreational opportunities, Orem remains a competitive market.

Rental properties have gained traction in Orem, with many seeking apartments and homes for rent due to the city's favorable living conditions and employment opportunities. This trend indicates a growing rental market, attracting real estate investors looking to capitalize on the demand for housing.

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.