Real Estate Investing in Orem, Utah (84057)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84057 (Orem, UT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.3 — hard to cash-flow at these prices.
What’s happening in Orem, UT (84057)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84057 Orem
ZIP 84057 inside Utah County looks affordable on the surface — median value of $477K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 84057 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Orem have seen price recovery that 84057 has not matched. Utah County data supports the view that the spread is structural rather than temporary.
Turning to rents, 37,620 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. durable returns are possible in 84057, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Orem:
Property Strategy for 84057
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $325,496 | $1,380 | 3.1% | +5.4% | $162,748 |
| 3BR | $442,794 | $1,920 | 3.1% | +7.2% | $147,598 |
| 4BR | $490,630 | $2,320 | 3.4% | +7.0% | $122,658 |
| 5BR | $565,672 | — | — | +7.3% | $113,134 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84057 Compare?
| Metric | 84057 | Orem | Provo-Orem, UT | Utah |
|---|---|---|---|---|
| Home Value | $476,633 | $522,307 | N/A | $530,173 |
| 5-Year CAGR | 3.7% | 3.4% | N/A | 7.0% |
| Avg Rent | $1,510 | $1,534 | N/A | - |
| Cap Rate | 2.5% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84057 (Orem, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84057 (Orem, UT)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Utah County
Manage rentals here? List your business →ICO Property Management constructs and oversees luxury Utah apartment communities, crafting enriching lifestyle experiences for residents across 17 locations along the Wasatch Front. summary from their website
Property Management Inc. offers residential, association, short-term, commercial, and multifamily property management services. summary from their website
Incline Property Management provides reliable property care for homeowners and investors, handling tenant screening, rent collection, maintenance, and delinquency resolution. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $476,633 |
| Monthly Rent | $1,510 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 84057
Population: 37,620
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 84057
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Freedom Preparatory Academy - Vineyard
Elizabeth DeLong School of the Deaf
Rocky Mountain School
Westmore School
Cascade School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 17,503 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Orem, UT?
Typical homes in Orem, UT go for around $477K. The 5-year CAGR of 0.0% reliable price movement.
Does Orem, UT favor landlords or tenants?
Rental owners in Orem, UT deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What kind of market is Orem, UT for investors?
Investors tracking Orem, UT will find a 3.0/5 rating supported by $477K median home values and $1,510/mo rents. That profile suits long-term holders targeting predictable returns.
Does house hacking make sense in Orem, UT?
House hacking works a challenging in Orem, UT. Rents of $1,510/mo against $477K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Orem, UT?
Orem, UT draws a predictable base of working renters. Demand at the $1,510/mo rent level is reasonable for standard single-family and small multi rentals.
You know 84057 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84057 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 84057 ranks in Provo-Orem, UT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 84057 (Orem)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 84057 (Orem, UT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.