Provo, Utah.
Typical home $478,876 (+1.3% in a year), asking rent $1,575 (+3.8%). Provo-Orem, UT metro.
to buy the typical home at today's mortgage rate — +$1,355 (+117%) since Jan 2020.
- 1 year
- Up $5,999 +1%
- $472,877$478,876 since Sep 2025
- 5 years
- Up $59,463 +14%
- $419,412$478,876 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Provo$2,513
- Utah$2,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in Provo, UT rose 1.3% over the past year — in step with the nation.
Asking rents in Provo, UT rose 3.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Provo runs $1,627/mo more than renting one. The gap peaked at $1,723 in Oct 2023.
That is $3,202 a month against $1,575 rent: a $2,513 mortgage payment, plus $176 property tax and $513 insurance & upkeep.
Owning vs renting — Provo
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,202
- Renting$1,575
- Mortgage only$2,513
Property tax · $176/mo 0.44% of value a year — the ACS 2020-2024 median bill over the median home value for Utah County, UT
Insurance & upkeep · $513/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Provo, Utah County, Utah
Provo is a city of 115,162 people in Utah County. Half its households earn more than $64,171 a year and half less, against $100,671 across Utah County; 23% of its people live below the poverty line. 39% of its homes are lived in by their owners and 61% are rented. Unemployment in Provo was 3.8% in August 2026, and Utah County had 1.8% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Provo is a city of students and young families, with a population far younger than most American towns. Most homes are rented rather than lived in by their owners, and incomes sit well below those across Utah County. A good share of adults hold a four-year degree, and the typical trip to work is short. Winters are cold and snowy, and summers are hot, with fairly little rain and melted snow through the year.
Work. Many residents work in schools, hospitals and social care, with others in professional and business services, shops, and restaurants, hotels and entertainment. The largest workplaces in Provo include Brigham Young University, Utah Valley Hospital and Utah County. Unemployment is low and about where it was a year ago, and across Utah County the number of jobs grew over the past year.
Things to do. The Brigham Young University Museum of Art is in or beside town, and the Bertrand F. Harrison Arboretum, a botanical garden, is also close by. Utah Lake is a short drive away for time on the water. Sundance Resort, a ski area, is a longer drive.
Report a mistake
- 34,022households
- 45%of adults have a degree
- 23%below the poverty line
- 18 mintypical commute
- 16%work from home
What residents work in
Employed residents by industry, from the Census survey. Utah County had 300,580 jobs in 2025, 1.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 24°; warmest in July, with highs near 95° and lows near 62°. About 45 inches of snow and 17 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Provo Byu weather station, under a mile away (NOAA).
Largest workplaces in Provo
- Brigham Young UniversityCollege, universities, and professional studies21,011
- Utah Valley HospitalGeneral hospital2,274FTE
- Utah CountyExecutive and legislative office combinations1,915
- The Church of Jesus Christ of Latter-day SaintsChurches1,775
- Utah State HospitalPsychiatric hospital820FTE
- Rocky Mountain University of Health ProfessionsUniversity or college475
- Heritage SchoolsMental health facilities, residential377
- DW Chrysalis Holdings, LLCResidential intellectual and developmental disability facilities332
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 42 workplaces with 20 or more staff, 32,053 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- AvalanchesRelatively high
- EarthquakesRelatively high
- LightningRelatively high
- Winter weatherRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Provo’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Utah County and the Provo-Orem, UT metro.
Provo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Provo$478,876
- Utah$532,920
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Provo listings, and the typical home goes pending in 41 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Provo35.54%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Provo41
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Provo304
New listings per month
Sellers arriving at the market.
- Provo75
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Provo$498,082
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Provo98.90%
Zip codes with a Provo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Provo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Provo
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 84604 | Provo | 44,707 | $1,699 | $604,904 |
| 84606 | Provo | 35,690 | $1,518 | $421,576 |
| 84601 | Provo | 32,330 | $1,482 | $444,371 |