Markets › Provo
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Provo UT
Covers Provo, Orem and Lehi.
Current market read
Balanced market
ConditionBalanced
Balanced on the yearly data, and steady on the recent monthly signals.
From public data. The situation now, not a forecast.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Stable
Holding steady this month, no signal is pulling hard either way.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+1.3%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +3.5% · US avg +5.2%
Median rentCENSUS · 2024
$1,611/mo
Typical rent, 2024 yearly count
In the news · ProvoNEWS · DAILY
No local coverage yet. Local press coverage varies by market, and we keep watching.
Demand vs supplyCENSUS + BLS
Strong demand
DEMAND
Jobs+1%
Migration 2025+4.24/1k
SUPPLY
Permits 2025+61.9%
Vacancy 20243%
Rent vs buyFREDDIE MAC · WEEKLY
+$2,695/mo
Cheaper to rent than buying
rent $1,611 · own $4,306
$1,611RENT
$4,306OWN
Net migrationCENSUS · 2025
+4.24/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.