Home prices
The median home value in Provo is $271,300. This is roughly $83,960 (23%) lower compared to its surrounding areas.It is roughly $53,800 (24%) higher in comparison to the country as a whole, and in comparison to the city of Salt Lake City is about $43,200 (13%) lower.
Rents
The median rent in Provo is $877 a month. It is about $349 (28%) lower compared to nearby areas.In comparison to the country as a whole it is approximately $185 (17%) lower, and is about $108 (10%) lower compared to the city of Salt Lake City.
Nearby places
Orem
Orem is Provo's neighbor to the northwest. Its real estate prices are fairly similar. The median home price in Orem is $272,000, which is very similar to Provo. Rent there is somewhat more expensive. Orem's median monthly rent is $1,034, which comes out to $157 (15%) higher than Provo.
Springville
Springville is Provo's neighbor to the south. Housing prices there are fairly similar. The median home in Springville costs $260,200, which works out to $11,100 (4%) lower than Provo. The rent there is a bit more expensive. In Springville the median rent is $1,091 per month, which comes out to $214 (19%) higher than Provo.
Vineyard
Vineyard is about 6 miles northwest of Provo. Real estate prices there are significantly more expensive. The median home in Vineyard is valued at $413,000, which is $141,700 (34%) higher than Provo. Rents there are significantly more expensive. In Vineyard the median monthly rent is $1,474, which works out to $597 (40%) higher than Provo.
Lindon
Lindon is about 7 miles northwest from Provo. The real estate prices there are a lot more expensive. The median home in Lindon is valued at $401,200, which comes out to $129,900 (32%) higher than Provo. Rent there is significantly more expensive. In Lindon the median rent is $1,367 a month, which comes out to $490 (35%) higher than Provo.
Mapleton
Mapleton is approximately 9 miles south from Provo. Housing prices there are significantly more expensive. The median home in Mapleton is valued at $429,900, which works out to $158,600 (36%) higher than Provo. Rent there is a little more expensive. The median monthly rent in Mapleton is $1,164, which comes out to $287 (24%) higher than Provo.
