Orem, UT 84097 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Orem, UT — 84097
Market Hotness
39
Hotness Rank
#8,515
Hotness Score
39
Supply Score
64
Demand Score
15
DOM vs US
-9.0%
Faster
Price vs US
158%
Above avg
Median Listing Price
$679K
Population
22,217
Households
211,066
Median Days on Market
44
Active Listings
40
New Listings
16
Housing Market
Pricing
Median Listing Price
$679K
+7.0% YoY
Average Listing Price
$966K
-16.2% YoY
Price per Sq Ft
$239
-0.2% YoY
Median Sq Ft
3,344
+5.5% YoY
Inventory
Active Listings
40
+23.1% YoY
New Listings
16
0.0% YoY
Total Listings
57
+15.3% YoY
Buyer Competition
Pending Listings
15
0.0% YoY
Pending Ratio
0.36
-8.4% YoY
Median Days on Market
44
+14.3% YoY
Price Reduced
30.2%
-9.3% YoY
FY2026 Fair Market Rent — Utah County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,257
/month
1 BR
$1,265
/month
2 BR
$1,460
/month
3 BR
$2,031
/month
4 BR
$2,449
/month
FMR Trends — Utah County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
25.8
2024
Population
ZIP Population
22,217
+0.9% YoY
Utah County Population
747,234
+3.0% YoY
Households
Total Housing Units
211,066
+3.8% YoY
Age
2024 Age Mix
705K
residents
Under 18
222,988
31.6%
Adults 18–64
426,726
60.5%
65 & Over
55,686
7.9%
Age Composition Over Time
2017–2024
Population Under 18
222,988
+1.4% YoY
Population 65 & Over
55,686
+4.6% YoY
Median Age
25.80
+1.2% YoY
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