Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Orem area can be challenging. Home prices in Orem are now at a median cost of $339,108, lower than the Utah average of $361,191.
The average cost of rent is $1,294/mo in Orem, primarily driven by the current value of real estate in the Orem area. While nearly 33.68% of residents own their homes outright in Orem, 37.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Orem is $6,521 per month. Households that rent pay about 19.84% of their income on rent here. Orem's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Vineyard, UT: higher priced homes
- Lindon, UT: higher priced homes
- Provo, UT: higher priced homes
- Pleasant Grove, UT: equally priced homes
- American Fork, UT: higher priced homes
- Cedar Hills, UT: higher priced homes
- Palmyra, UT: equally priced homes
- Highland, UT: higher priced homes
- Springville, UT: equally priced homes
- Alpine, UT: higher priced homes
Cities with Similar Populations
- Lansing, MI: less expensive homes
- Land O' Lakes, FL: less expensive homes
- Lancaster, PA: less expensive homes
- Lawton, OK: less expensive homes
- Lakewood, NJ: higher priced homes
- Lakewood, CO: higher priced homes
- Lancaster, CA: less expensive homes
- Laredo, TX: less expensive homes
- Largo, FL: less expensive homes
- Leesburg, VA: higher priced homes
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