What is the median home price in Orem?

The median home price in Orem, Orem city, Utah is $392,900, which is 39% above the national average of 281,900 ($281,900).

Orem, Orem city, Utah has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 6.6 per 1,000 residents.

What is the median household income in Orem?

The median household income in Orem, Orem city, Utah is $77,568, which is 4% above the national average of 74,580 ($74,580).

What is the average rent in Orem?

The median rent in Orem, Orem city, Utah is $2,230 per month. The national average median rent is $1,163/month.

What is the air quality in Orem?

Orem, Orem city, Utah has an Air Quality Index (AQI) of 53, categorized as "Moderate." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Orem?

The population of Orem, Orem city, Utah is approximately 97,100. The homeownership rate is 84.0% (national average: 65.9%).

What are the climate risks in Orem?

Orem, Orem city, Utah has an overall climate risk rating of "Relatively High" with a risk score of 88.08. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Orem, Orem city, Utah has an affordability index of 109, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 10.3¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Orem?

The unemployment rate in Orem, Orem city, Utah is 3.4%. The national average unemployment rate is 3.7%. The poverty rate is 9.8% (national average: 12.4%).

Orem

Orem city, Utah

About Orem

Orem, Utah, is a compelling choice for those seeking a blend of affordability and a vibrant community. With a median home value of around $393,000, it's notably more affordable than many areas while still offering a high quality of life. The homeownership rate is impressively high at 84%, reflecting a strong sense of community and stability. The median household income of $77,568 contributes to the financial health of the area. Plus, with a quiet noise level and an affordability index of 109, Orem offers a comfortable living experience without breaking the bank.

From an investment perspective, Orem presents a stable real estate market. Property crime is a bit higher than the national average, but violent crime is low. The robust homeownership rate and a median rent of $2,230 per month indicate a balanced market with opportunities for both buyers and renters. The local economy is supported by a stable workforce, and the area is particularly well-suited for families and individuals seeking a safe, friendly environment with access to outdoor recreation and a strong sense of community.

The environment in Orem is generally pleasant, with a moderate air quality index of 53. The climate risk is relatively high, something to consider when planning for the future. You'll find a quiet atmosphere to enjoy. The city's low electricity rate of 10.3¢/kWh is a welcome perk. This area offers a unique blend of affordability, safety, and a strong sense of community, making it an attractive option for those seeking a balanced lifestyle.

Orem, Utah at a Glance

Orem is a city in Orem city, Utah with a population of approximately 97,100. The median home value is $392,900 and the median household income is $77,568.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Moderate. The overall climate risk is rated as "Relatively High." Median rent is $2,230 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.