Welcome to our 84058 real estate data hub, tailored for investors in Orem, UT. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 84058 in Orem, UT. Discover Section 8 housing opportunities and challenges to maximize your investment potential in UTAH COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Orem, UT real estate investing. Uncover the wealth of information available, and position yourself for success in the Orem property market.
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Location Overview
- Zip Code: 84058
- City: Orem
- State: UT
- Metro Area: Provo-Orem, UT
- County Name: UTAH COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $463,314
- Average Home Price (Single Family Homes): $496,552
- Average Monthly Rental Price (All Types): $1,666
- Price-to-Rent Ratio: 23
- Zillow Projected % appreciation from 4/2023-4/2024: 1.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,190
- Average 3 Bedroom Section 8 Rental Rates: $1,690
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 32.44
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.85
- Number of Units Offered in Section 8 in the County: 389
- Number of Occupied Units in Section 8 in the County: 370
- Percentage of Section 8 Units Occupied in the County: 95.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 445.45
- Total % Appreciation since 2000 (Government Data): 193.59
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.1%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.03%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.44%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 82.86%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 189.1%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 126.29%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 217.41%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.21%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.94%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 30.08%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.83%