In Orem, a typical home is worth $472,300 and typical rent is $1,438 a month. Compared with all of Utah County, typical household income is 17% lower, the typical home value is 12% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $435,495 to $500,448.
Typical rent
$1,512a month
▲ 2.2% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,292 to $1,512.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Orem is in Utah County. The FHA loan limit ($601,450 for a one-unit home), the fair market rents and the help on this page are those of all of Utah County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Provo, the typical rent is $1,193: 17% less than in Orem ($1,438).
2
The typical household income in Orem is $83,342,17% less than in Utah County as a whole ($100,671).
3
58% of households in Orem own their home, against 68% in Utah County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Orem
What homes there are in Orem, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Orem
Utah County
Utah
United States
Kind of home: Orem and its comparisons
Measure
Orem
Utah County
Utah
United States
Detached house
51%
64%
67%
61%
Attached house
12%
11%
8%
6%
Building of 2 to 4
12%
7%
7%
8%
Apartments (5 or more)
23%
16%
16%
19%
Mobile home
2%
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Orem (51%), but less so than in Utah County (64%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Orem
Utah County
Utah
United States
Year built: Orem and its comparisons
Measure
Orem
Utah County
Utah
United States
Before 1960
10%
10%
15%
26%
1960–1979
27%
15%
20%
24%
1980–1999
35%
23%
26%
25%
2000–2009
12%
22%
18%
14%
2010 or later
16%
29%
21%
11%
In Orem, half of the homes were built before 1989; in Utah County, before 2001.
In Orem, 9% of homes have 1 bedroom or none (studios); 66% have 3 bedrooms or more, against 78% in Utah County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K4%
$100K–$200K1%
$200K–$300K7%
$300K–$500K45%
$500K–$750K32%
FHA limit: $601,450
$750K–$1M7%
$1M or more3%
Value of owner-occupied homes: Orem and its comparisons
Measure
Orem
Under $100K
4%
$100K–$200K
1%
$200K–$300K
7%
$300K–$500K
45%
$500K–$750K
32%
$750K–$1M
7%
$1M or more
3%
The FHA loan limit for Utah County is $601,450, and about 70% of owner-occupied homes in Orem are worth less than that.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99913%
$1,000–$1,49939%
$1,500–$1,99930%
$2,000–$2,49913%
$2,500–$2,9992%
$3,000 or more2%
Monthly rent with utilities: Orem and its comparisons
Measure
Orem
Under $500
Unreliable estimate
$500–$999
13%
$1,000–$1,499
39%
$1,500–$1,999
30%
$2,000–$2,499
13%
$2,500–$2,999
2%
$3,000 or more
2%
With a mortgage
$1,866 a month
Utah County: $2,115 a month
Without a mortgage
$505 a month
Utah County: $570 a month
Owners with a mortgage
65%
Utah County: 73%
In Orem, 65% of owners have a mortgage, and their typical cost is $1,866 a month, against $2,115 in Utah County. Without one it drops to $505.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Orem+74%
Utah County+76%
Utah+75%
United States+53%
Typical rent
Orem+39%
Utah County+45%
Utah+44%
United States+33%
Typical household income
Orem+29%
Utah County+35%
Utah+33%
United States+29%
Change since 2015–2019: Orem and its comparisons
Measure
Orem
Utah County
Utah
United States
Typical home value
+74%
+76%
+75%
+53%
Typical rent
+39%
+45%
+44%
+33%
Typical household income
+29%
+35%
+33%
+29%
From 2015–2019 to 2020–2024, home values in Orem rose at about the same pace as in Utah County: 74% against 76%.
The typical rent in Orem rose 39% over the same time; in Utah County, it rose 45%.
Here income did not keep up with housing: it rose 29%, while home values changed +74% and rent +39%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Orem and its comparisons
Measure
Orem
Utah County
Utah
United States
Rental vacancy
Unreliable estimate
2.7%
5.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.6%
0.9%
More than one person per room
3.0%
3.9%
3.1%
3.4%
People per household
3.03
3.39
2.97
2.53
Drive alone
67%
65%
67%
69%
Carpool
11%
10%
10%
9%
Public transit
2%
2%
2%
3%
Walk or bike
3%
3%
3%
3%
Work from home
17%
19%
18%
15%
Other means
1%
1%
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
Unreliable estimate
20 to 29 minutes
More than one person per room: that is how 3.0% of households in Orem live, near the figure in Utah County (3.9%).
Households in Orem are smaller: 3.03 people on average; in Utah County, 3.39.
In Orem, 67% of workers drive alone to work; in Utah County, 65%.
Do the math
What would you pay each month for a home in Orem?
A typical home costs more than the typical income allows
We start with a typical home in Orem, worth $472,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Orem, which is $83,342 a year. For that payment to be 28% of income, a household would need to earn about $158,941 a year.
The calculator's FHA and conventional loan limits are those of all of Utah County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Orem. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $16,531 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,709
at 7.18% · 30 years
Loan amount
$463,745
Total interest
$667,220
Paid off in
November 2056
Includes $7,976 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,945 a month
Tight
$1,945 to $2,500 a month
Hard
more than $2,500 a month
Your payment · 53%
Compared with the typical household income in Orem ($83,342 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,142
Property tax
$161
Home insurance
$197
FHA mortgage insurance (MIP)
$209
You need at least $16,531 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,709; principal and interest $3,142.
The city and its county
Orem and Utah County
Orem is in Utah County, Utah. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Orem
Map of Utah County, Utah, with Orem marked. Around it, the neighboring counties.
Orem
Utah County
Other cities with a page
Orem's own numbers
Typical home value
$472,300
Typical monthly rent
$1,438
Typical yearly household income
$83,342
Households that own their home
58%
Effective property tax rate
0.41%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Utah County
FHA limit, one-unit home
$601,450
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,363
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
0.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Utah County.
A typical home in Orem is worth $472,300: 12% below the county and 3% below Utah. With the typical household income in Orem ($83,342 a year), a typical home costs 5.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Orem5.7 years
Utah5.4 years
Utah5.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Utah County
According to FHFA’s house price index, home prices in Utah County rose 119% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Utah County.
Yearly change in FHFA’s price index in Utah County, 2016 to 2025
2016: +7.6% +7.6% 2016
2017: +8.7% +8.7% 2017
2018: +8.5% +8.5% 2018
2019: +7.1% +7.1% 2019
2020: +5.1% +5.1% 2020
2021: +19.3% +19.3% 2021
2022: +20.7% +20.7% 2022
2023: −0.1% −0.1% 2023
2024: +4.0% +4.0% 2024
2025: +2.8% +2.8% 2025
Change in FHFA’s price index in Utah County, Utah and the United States
Period
County
Utah
U.S.
Last year (2025)
+2.8%
+2.4%
+2.9%
5 years (2020–2025)
+54%
+53%
+47%
10 years (2015–2025)
+119%
+121%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Orem next to Utah County, Utah and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Orem$472,300
Utah$538,700
Utah$489,400
United States$332,700
Typical monthly rent
Orem$1,438
Utah$1,541
Utah$1,496
United States$1,413
Typical yearly household income
Orem$83,342
Utah$100,671
Utah$95,166
United States$80,734
See the full table
Orem next to Utah County and Utah
Measure
Orem
Utah County
Utah
U.S.
Typical home value
$472,300 ▼12% below the county
$538,700
$489,400
$332,700
Typical monthly rent
$1,438 ▼7% below the county
$1,541
$1,496
$1,413
Typical yearly household income
$83,342 ▼17% below the county
$100,671
$95,166
$80,734
Households that own their home
58% ▼10 points below the county
68%
70%
65%
Typical yearly property tax
$1,926 ▼19% below the county
$2,370
$2,525
$3,119
Effective property tax rate
0.41% ▼0.03 points below the county
0.44%
0.52%
0.94%
Renters with high rent for their income
46% ▲1 points above the county
45%
47%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Utah County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Orem
For a typical $472,300 home in Orem, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Orem's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,709a month
Least cash to close
Down payment
$16,531
Cash to close
$30,700
Rate
7.18%
Mortgage insurance
FHA MIP · $209
Conventional, 5% down$3,622a month
Down payment
$23,615
Cash to close
$37,784
Rate
7.18%
Mortgage insurance
PMI · $224
Conventional, 20% down, no PMI$2,918a month
Down payment
$94,460
Cash to close
$108,629
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,354a month
Down payment
$70,845
Cash to close
$85,014
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Orem
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,709
$16,531
$463,745
7.18%
FHA MIP · $209
$30,700
580
Conventional, 5% down
$3,622
$23,615
$448,685
7.18%
PMI · $224
$37,784
620*
Conventional, 20% down, no PMI
$2,918
$94,460
$377,840
7.18%
None
$108,629
620*
ITIN, 15% down (example)
$3,354
$70,845
$401,455
8.18%
None
$85,014
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Orem is $1,438 a month: 7% below the county. In Orem, 46% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Utah County, by unit size. To pay the 2-bedroom one ($1,363 a month) without spending more than 30% of your income, you would need to earn $26.21 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Utah County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,186
$22.81
$47,440
1 bedroom
$1,192
$22.92
$47,680
2 bedrooms
$1,363
$26.21
$54,520
3 bedrooms
$1,887
$36.29
$75,480
4 bedrooms
$2,278
$43.81
$91,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Orem
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Orem has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,320 in 84057 to $1,400 in 84058.
1 of the 3 is above the fair market rent for Utah County ($1,363).
2-bedroom fair market rent in each of the 3 ZIP codes of Orem, beside the one for Utah County. For 2 bedrooms it runs from $1,320 in 84057 to $1,400 in 84058. 1 of the 3 is above the fair market rent for Utah County ($1,363).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,363
Lowest: $1,320 (84057)Highest: $1,400 (84058)
Fair market rent by ZIP code and size in Orem, fiscal year 2027.
84057
$1,140
$1,140
$1,320
$1,830
$2,210
84058
$1,220
$1,220
$1,400
$1,940
$2,340
84097
$1,170
$1,180
$1,350
$1,870
$2,260
ZIP code2 bd3 bd
84057 $1,320$1,830
84058 $1,400$1,940
84097 $1,350$1,870
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Orem when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Utah County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Orem or Utah County. The ones below are statewide in Utah: they work in Orem the same as in the rest of the state.
Utah state agency second mortgage for the down payment or closing costs alongside its first mortgage: up to 6% of the loan with monthly payments, or up to 3.5% at 3.5% with deferred interest and no payments; capped at $27,500.Offered by Utah Housing Corporation (UHC).
Utah state loan, run by Utah Housing, of up to $20,000 with no interest or monthly payments for the down payment, closing costs or a lower rate; only for first-time buyers of a newly built home with a Utah Housing mortgage.Offered by Utah Housing Corporation (UHC).
No legal help resource on our list is for Orem or Utah County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Orem and all of Utah County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Orem?
The typical home value in Orem is $472,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Utah County it is $538,700.
How much does it cost to rent in Orem?
Typical rent in Orem is $1,438 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Utah County is $1,363.
What is the FHA loan limit in Orem?
Orem uses the FHA limit for all of Utah County (2026): $601,450 for a one-unit home and $1,156,650 for a four-unit home.
How much property tax do owners pay in Orem?
The typical homeowner in Orem pays $1,926 a year, according to the U.S. Census Bureau. That is 0.41% of the home’s value; in Utah County, the rate is 0.44%.
Where can I find free help to buy or rent in Orem?
There are 2 HUD-approved counseling agencies with an office in Utah County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
