Orem, UT Real Estate
According to census data in the year 2000 there were 24,164 housing units in Orem.
This represents a 34.5% growth from 17,965 in 1990.
Of those housing units, 24,047 were located in either urbanized areas or urban clusters, and 117 were located in what is classified as a rural area.
Homeownership rate in Orem is about 67%.
Orem's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 3.57 people.
The majority of houses, apartments or condos in Orem were built after 1979.
|Housing Units by Size|
|Five Bedrooms or more||24.10%|
Owned Homes, Apartments and Condos
|Average Household Size||3.89|
|Median year structure was built||1979|
|Median Value of occupied units||$155,000|
|Median Price asked for vacant units||$137,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.92|
|Median year structure was built||1978|
|Median Monthly Rent asked for vacant units||$656|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||8.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.2%|