The Most Affordable Neighborhoods in Bonneville, Orem, UT by Home Value

 

Bonneville, Orem, UT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bonneville area can be challenging. Home prices in Bonneville are now at a median cost of $298,570, lower than the Orem average of $339,108.

The average cost of rent is $1,512/mo in Bonneville, primarily driven by the current value of real estate in the Bonneville area. While nearly 31.66% of residents own their homes outright in Bonneville, 36.21% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bonneville is $6,321 per month. Households that rent pay about 23.93% of their income on rent here. Bonneville's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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