The story of this market
The typical home in Orem, Utah sells for about $550,000, or $235 per square foot.
Prices are up +1.6% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
Monthly price momentum
Home values since 2015
+1.3%
UT · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Orem, Utah
The Orem housing market is showing signs of stabilization with a modest year-over-year price increase of 1.6%. While sales volume remains steady, homes are spending more time on the market, suggesting a shift toward a more balanced environment for buyers and sellers.
No ARED county foreclosure postings attributed to Orem yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 0.7% year over year.
Homes spend a median of 33 days on market with 3.3 months of supply — a fast-moving market.
31% of listings have cut prices · homes sell at 98.32% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 9.0% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major mixed-use development serving as a primary retail and dining anchor for the city.
A central community park providing green space and recreational facilities for residents.
A regional trail system offering extensive walking and cycling paths connecting Orem to surrounding areas.
Orem is well-suited for families, university students, and professionals working in the tech and education sectors, offering a blend of suburban living and urban amenities.
Orem is served by the Alpine School District, which maintains a broad network of public schools and generally reflects the educational standards of the Utah County region.
The city is served by major highway corridors including I-15, facilitating regional transit and commuting throughout the Utah Valley.
Orem offers extensive recreational access, including the Provo River Trail, Scera Park, and proximity to the Wasatch Mountains for hiking and skiing.
The rental market is characterized by steady demand driven by the local university population, with median rents around $1,850 per month.
The economy is anchored by education, retail, and a growing technology sector, with Utah Valley University serving as a primary economic driver.
Orem serves as a significant commercial and educational hub in Utah County, anchored by proximity to Utah Valley University and ongoing mixed-use redevelopment projects like University Place.
Development is currently focused on high-density, mixed-use projects along the State Street corridor and the ongoing evolution of the University Place district.
Parcels in Orem are primarily served by the Alpine School District, with various municipal utility and service districts providing local infrastructure.
The city is situated near the base of the Wasatch Range, presenting standard regional risks for seismic activity and occasional high-wind events common to the Utah Valley.
Property taxes in Orem are assessed by Utah County, with the city's effective rate of 0.42% being slightly lower than the broader county average.
ACS 2024 5-year estimates. Aggregate published statistics for this city — never individual records, and never an attribute of any individual property or resident.
Data retrieved from US Census Bureau QuickFacts and ACS 2023 datasets.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.