Median Home PriceTIE
$534,713.76
Median RentTIE
$1,797.85/mo
Price-to-Rent RatioTIE
24.8
Property Tax RateTIE
0.63%
Price Change (1Y)TIE
+2.7%
Price Change (5Y)TIE
+13.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$330,848
Median Home PriceTIE
$534,713.76
Median RentTIE
$1,797.85/mo
Price-to-Rent RatioTIE
24.8
Property Tax RateTIE
0.63%
Price Change (1Y)TIE
+2.7%
Price Change (5Y)TIE
+13.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$330,848
Key Differences
Home Prices
Orem's median home price of $534,713.76 is lower than Provo's $534,713.76 by 0%.
Monthly Rent
Renting in Orem costs $1,797.85/mo compared to $1,797.85/mo in Provo—a difference of $0/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.