The story of this market
The typical home in ZIP 84058 sells for about $471,845, or $236 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 84058 — Orem
The 84058 housing market shows signs of stabilization with a median price of $471,845. While inventory is rising, demand remains supported by the university-anchored economy, though buyers are increasingly cautious regarding price points.
This ZIP is well-suited for students, faculty, and young families seeking proximity to Utah Valley University and the broader Orem-Provo employment core.
Median prices moved up 1.1% year over year.
Homes spend a median of 13 days on market with 3.9 months of supply — a fast-moving market.
30% of listings have cut prices · homes sell at 97.6% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 11.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 84058, Utah County UT
The area is served by the Alpine School District, which maintains a generally stable reputation within the Utah Valley educational landscape.
The region faces standard wildfire and seismic risks common to the Wasatch Front, with insurance premiums trending upward due to regional hazard exposure.
Economic momentum is anchored by Utah Valley University and proximity to the Provo-Orem tech corridor, with ongoing infill development and infrastructure upgrades.
Property taxes are assessed by Utah County based on fair market value, with rates determined by local taxing entities including the Alpine School District and Orem city.
Residents primarily commute via the I-15 corridor toward employment hubs in Provo and Salt Lake City, with access to the FrontRunner commuter rail.
The area features proximity to the Provo River Parkway, various municipal parks, and shopping centers like University Place.
The rental market is characterized by high demand driven by the student population at Utah Valley University, resulting in low vacancy rates and steady rent growth.
The economy is heavily influenced by the education sector, retail, and a growing technology presence within the Provo-Orem metro area.
The area is served by the I-15 highway and the Utah Transit Authority's bus and FrontRunner rail systems.
Ongoing urban infill and transit-oriented development projects are prioritized near the UVU campus and major transit corridors.
Parcels are subject to Alpine School District taxes and various municipal utility service districts.
Property insurance markets are stable but sensitive to regional wildfire and seismic risk factors.
Data retrieved from US Census Bureau ZCTA profiles.
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.
A major regional shopping and mixed-use destination in Orem.
A large public university serving as a primary economic and cultural anchor.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).