Provo, UT housing market
The typical home in the Provo, UT metro area is worth $538,775, up 1.4% from a year ago.
Typical rent is $1,773 a month, up 1.8% in a year.
Builders got permits for 3,725 homes from January to August 2026, down 24.2% on the same months of 2025.
The metro area gained a net 3,279 residents from elsewhere in the U.S. in the year to July 2025.
The FHFA HPI® (all-transactions) for the Provo, UT metro area is up 3.5% over the year to Q2 2026. Unemployment was 4.1% in August 2026, up 0.1 points from a year earlier. Employers had 327K payroll jobs in September 2026, up 1.8% from a year earlier.
Metro area as defined by the Census Bureau: Provo-Orem-Lehi, UT.
Metro area · Sep 2026
The latest numbers
Typical home value
$538,775
up 1.4% past 12 mo
Median sale price
$527,232
As of Aug 2026
Typical rent
$1,773/mo
up 1.8% past 12 mo
Homes for sale
3,112
Active listings
Days to pending
37
Median, listing to contract
Permits YTD
3,725
down 24.2% vs same months last year
Population growth
+1.9%
Past year · pop. 773K
Net domestic migration
+3,279
Past year, net moves from elsewhere in the US
FHFA home prices
+3.5%
Past year · Q2 2026
FHFA, past 5 years
+34.2%
Q2 2021 to Q2 2026
Unemployment rate
4.1%
up 0.1 pts vs Aug 2025
Job growth
+1.8%
Past year · 327K jobs in Sep 2026
Typical home value, 24 months
up 3.5%Typical home value went from $520,610 in Oct 2024 to $538,775 in Sep 2026, a change of +3.5%.
Source: Data Provided by Zillow Group; U.S. Census Bureau, Building Permits Survey; U.S. Census Bureau, Population Estimates · As of Sep 2026
Source: FHFA House Price Index® (All-Transactions, not seasonally adjusted); U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics; U.S. Bureau of Labor Statistics, Current Employment Statistics
BLS figures are not seasonally adjusted; retrieved from BLS.gov Oct 27, 2026. This product uses FHFA data but is neither endorsed nor certified by FHFA. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
Metro area · Yearly figures
Renters and movers
Fair Market Rent, 2BR
$1,460/mo
FY 2026, with utilities
Rental vacancy rate
3.0%
No significant change vs 2023 (+0.7 pts, within the margin of error)
2024 survey · ±1.5 pts
Net movers
+4,456
People on tax returns filed 2022–23
Income moving in
+$188M
Movers' 2022 adjusted gross income, net
- Fair Market Rent.
- HUD's rent-plus-utilities benchmark for a modest home in the Provo-Orem-Lehi, UT MSA, set each federal fiscal year (FY 2026 covers Oct 2025 to Sep 2026). HUD uses it to set housing-voucher payment standards, and it trails the market. HUD's FY 2027 rents took effect Oct 1, 2026; they'll appear here once HUD's data service carries them.
- Rental vacancy.
- Rentals that are empty and for rent, as a share of all rentals, from the Census Bureau's 2024 American Community Survey. A survey estimate, shown with its 90% margin of error; a change smaller than the combined margins is marked not significant.
- Movers.
- People on tax returns (filers and dependents) who moved in minus those who moved out between the 2022 and 2023 filing seasons, moves within the U.S. only. Income is the movers' adjusted gross income for 2022, from returns filed in 2023. Moves between counties inside the metro area aren't counted. The Census estimate of net domestic migration above covers a different, more recent year.
Source: U.S. Department of Housing and Urban Development, Fair Market Rents; U.S. Census Bureau, "Tenure" (B25003) and "Vacancy Status" (B25004), American Community Survey 1-Year Estimates; IRS Statistics of Income, U.S. Population Migration Data
Fidelis First is not affiliated with or endorsed by the U.S. Department of Housing and Urban Development. Census files accessed Oct 27, 2026. Rental vacancy rates, their margins of error, year-over-year changes and significance tests, and per-resident figures are calculated by Fidelis First from Census Bureau data; the Census Bureau is the source of the original data only. Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.
How Provo, UT ranks
Each measure next to the national figure, and where Provo, UT places among the 100 largest metros.
| Measure | Provo, UT | U.S. | Rank among the 100 largest metros |
|---|---|---|---|
| Typical home valueZillow ZHVI | $538,775 | $366,157 | 17th of 100 |
| Home value changePast 12 months | +1.4% | +1.2% | 51st of 100 |
| Typical rentPer month, Zillow ZORI | $1,773 | $1,932 | 42nd of 100 |
| Rent changePast 12 months | +1.8% | +2.7% | 70th of 100 |
| Fair Market Rent, 2BRHUD, per month with utilities | $1,460 | — (HUD sets no U.S. figure) | 65th of 100 |
| Rental vacancy rateCensus ACS; tightest ranks first | 3.0% | 5.7% | 5th of 100 |
| Days to pendingMedian; fastest ranks first | 37 days | 27 days | 78th of 100 |
| Permits per 1,000 residentsHomes authorized, year to date | 4.8 | 2.8 | 20th of 100 |
| Permit changeSame months a year earlier | −24.2% | +0.1% | 95th of 100 |
| Population growthPast year | +1.9% | +0.5% | 5th of 100 |
| Net domestic migrationPer 1,000 residents, past year | +4.2 | — | 23rd of 100 |
| Income moving inNet per resident; Fidelis First calculation from IRS and Census data | +$242 | — (Not applicable to the U.S.) | 23rd of 100 |
| FHFA home price changePast year, FHFA HPI® | +3.5% | +3.0% | 37th of 100 |
| FHFA, past 5 yearsFive-year change, FHFA HPI® | +34.2% | +41.3% | 75th of 100 |
| Unemployment rateNot seasonally adjusted; lowest ranks first | 4.1% | 4.3% | 42nd of 100 |
| Job growthNonfarm payroll jobs, past 12 months | +1.8% | +0.3% | 9th of 100 |
Source: Data Provided by Zillow Group; U.S. Census Bureau, Building Permits Survey; U.S. Census Bureau, Population Estimates · As of Sep 2026
Source: FHFA House Price Index® (All-Transactions, not seasonally adjusted); U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics; U.S. Bureau of Labor Statistics, Current Population Survey; U.S. Bureau of Labor Statistics, Current Employment Statistics
FHFA figures are for Q2 2026. BLS unemployment is for Aug 2026 and jobs for Sep 2026, not seasonally adjusted; the U.S. figures beside them are for the same months. BLS data retrieved from BLS.gov Oct 27, 2026. This product uses FHFA data but is neither endorsed nor certified by FHFA. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
Source: U.S. Department of Housing and Urban Development, Fair Market Rents; U.S. Census Bureau, "Tenure" (B25003) and "Vacancy Status" (B25004), American Community Survey 1-Year Estimates; IRS Statistics of Income, U.S. Population Migration Data
Fair Market Rents are HUD's for fiscal year 2026 (FY 2027 rents took effect Oct 1, 2026). Rental vacancy is from the 2024 American Community Survey. Income moving in is movers' net adjusted gross income for 2022 (IRS returns filed in 2023), divided by the latest Census population estimate (July 1, 2025); a Fidelis First calculation. Fidelis First is not affiliated with or endorsed by the U.S. Department of Housing and Urban Development. Rental vacancy rates, their margins of error, year-over-year changes and significance tests, and per-resident figures are calculated by Fidelis First from Census Bureau data; the Census Bureau is the source of the original data only. Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.
Around Provo, UT
Its state, then other large metros centered in Utah.
Who's raising money in Utah
Real estate offerings filed with the SEC on Form D by issuers based in Utah, Sep 27 – Oct 26, 2026.
Filings15
Total offered$1B
- MCRE Development, LLCSalt Lake City, UT · Filed Oct 23, 2026 · 506(b)$25M
- Northshore Enterprises, LLCSouth Ogden, UT · Filed Oct 23, 2026 · 506(b)$30M
- TRC Willowbrook Holdings, LLCDraper, UT · Filed Oct 22, 2026 · 506(b)Indefinite
- Krohn Investments LLCProvo, UT · Filed Oct 16, 2026 · 506(b)$25M
- RPC26 Kensington Boise Lenders LLCLehi, UT · Filed Oct 15, 2026 · 506(b)$25M
Source: SEC EDGAR, Form D
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