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 Size

Housing Units by Size
Studio Type0.80%
One Bedroom6.30%
Two Bedrooms24.40%
Three Bedrooms22.60%
Four Bedrooms21.80%
Five Bedrooms or more24.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.89
Median year structure was built1979
Median Value of occupied units$155,000
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size2.92
Median year structure was built1978
Median Monthly Rent asked for vacant units$656

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage11.60%
Home Equity Loan8.50%
Simple Mortgage54.80%
Debt Free24.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%