Housing in Orem, UT
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$500,000
Median List Price
$505,495
Price Per Sq Ft
$218
Days on Market
75
Active Inventory
125
Months of Supply
2.9
Seller's market
Zillow Home Value
$496,216
ZHVI — January 2026
Zillow Rent Index
$1,497
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
30.2%
Off Market in 2 Weeks
17.5%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
43
New Listings
50
Pending Sales
57
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$218
Median List $/SF
$240
Orem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Orem is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$439,000
Median Rent
$1,405
Total Housing Units
32,027
Vacancy Rate
4.4%
Owner Occupied
58.2%
Renter Occupied
41.8%
Median Property Tax
$1,845
per year
Monthly Cost (w/ Mortgage)
$1,429
Housing Types
The current median sale price in Orem, UT is $500,000 according to Redfin data. Homes spend a median of 75 days on the market. 30.2% of homes sold above asking price. The market has 2.9 months of supply. The median price per square foot is $218. Zillow's observed rent index is $1,497/month. About 58.2% of housing units are owner-occupied. The median year homes were built is 1988. There are 32,027 total housing units.