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Orem

NeighborhoodThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Utah
$430K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
1
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$518K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jan 2025 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
OctJan
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
OctJan
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
OctJan
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
OctJan
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
20162017201920202022202420252026

Housing Stock

HomesHow many homes we have records for in this area.1,013
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$518K
Median sizeThe middle home size here, measured in square feet.1,316 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1970
Single familyThe share of homes here that are single-family houses.95%
CondosThe share of homes here that are condos.2.7%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.61%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.2.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.82%
Company ownedThe share of homes owned by a company or trust instead of a person.17%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.38%
Typical ownership tenureHow long the typical owner here has held their home.10.0 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.84
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.102
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.242

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.31%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.4,473
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.6,839 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$96K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$119K
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.17 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.66%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all neighborhoods nationally.

How Orem compares

By median home value, Orem is the 21st most expensive of 54 neighborhoods in Utah County, and its typical home is worth more than 48% of all homes in Utah County.

Home values in Orem

Share of homes at each estimated value.

Median
$316K$864K
neighborhoods in Utah County ranked by median home value
#Utah CountyMedian valueHomes
1Sherwood Hills$996K546
2Riverbottoms$875K780
3Oak Hills$808K334
4Rock Canyon$753K684
5Indian Hills$752K369
6Heatheridge$696K690
7Riverside$693K462
8Wasatch$668K446
9Canyon View$644K917
10North Timpview$642K716
11Edgemont$600K595
12Northridge$584K843
13Windsor$572K806
14Sharon$567K726
15Sunset Heights East$564K1,224
16Cascade$562K910
17Stonewood$560K747
18Pleasant View$550K553
19Orchard$548K949
20Orem Park$520K1,207
21Orem$518K1,013
22Lakeview North$517K1,008
23Hillcrest$514K848
24Grandview North$505K879

54 neighborhoods in Utah County are ranked; the most valuable are listed here.

About the Orem market

What is the median home price in Orem, UT?

The median sale price in Orem, UT is $430,000 (data through January 2025), based on deeds recorded with the county.

How many homes sell in Orem, UT each year?

1 homes sold in Orem, UT over the last 12 months (data through January 2025). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Orem, UT?

Orem, UT contains 1,013 residential properties, with a median of 1,316 square feet, 3 bedrooms, built around 1970. The median TopHap Estimate is $518K.

How does Orem, UT compare to the rest of Utah County?

By median home value, Orem, UT is the 21st most expensive of 54 neighborhoods in Utah County. Its typical home is worth more than 48% of all homes in Utah County. Orem Park ranks just above it and Lakeview North just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Orem, UT?

82% of homes in Orem, UT are owner-occupied. 17% are held by a company rather than an individual.

How much equity do owners in Orem, UT hold?

61% of mortgaged homes in Orem, UT are equity-rich, meaning the loan balance is under half the home's value. 2.0% owe more than the home is worth.

Nearby markets

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