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Orem city, UT

ZIP 84097 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84097

Median Home Value
$506,900
Median Rent
$1,315
Affordability Snapshot
$140,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,256/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 84097 in Orem city, UT, a household would need roughly $140,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,256. That is about 44% above the local median household income ($97,034), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
71.1%+9% vs US avg
x
Vacancy Rate
4.6%-56% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
37.2%+151% vs US avg
x
Built Pre-1939
1.9%-86% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
23.0%-54% vs US avg
x
Mortgage-Free
39.6%+4% vs US avg
x
$506,900
Home Value
$1,315
Rent
1984
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.2%
  • 1-unit attached6.0%
  • 2-9 units8.3%
  • 10+ units12.4%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$506,900
Median rent$1,315
Owner-occupied71.1%
Vacant4.6%
Price-to-income5.2x
Est. income to buy$140,000