Home prices
The median home in Orem is valued at $272,000. Compared to the surrounding areas it is roughly $61,840 (18%) lower.In comparison to the entire nation it is about $54,500 (25%) higher, and in comparison to the city of Salt Lake City is roughly $42,500 (13%) lower.
Rents
Orem's median monthly rent is $1,034. It is about $171 (14%) lower in comparison to other places in this area.Compared to the United States as a whole it is about $28 (2%) lower, and in comparison to the city of Salt Lake City it is approximately $49 (4%) higher.
Nearby places
Vineyard
Vineyard is Orem's neighbor to the west. The housing prices there are substantially more expensive. The median home in Vineyard is valued at $413,000, which comes out to $141,000 (34%) higher than Orem. Rents there are somewhat more expensive. The median rent in Vineyard is $1,474 per month, which works out to $440 (29%) higher than Orem.
Lindon
Lindon is Orem's neighbor to the north. The real estate prices there are substantially more expensive. The median home in Lindon is valued at $401,200, which works out to $129,200 (32%) higher than Orem. Rent there is somewhat more expensive. In Lindon the median monthly rent is $1,367, which is $333 (24%) higher than Orem.
Provo
Provo is Orem's neighbor to the southeast. Its real estate prices are pretty similar. Provo's median home value is $271,300, which is very similar to Orem. Rents there are a bit less expensive. The median monthly rent in Provo is $877, which comes out to $157 (17%) lower than Orem.
Pleasant Grove
Pleasant Grove is about 5 miles north of Orem. Real estate prices there are somewhat more expensive. The median home in Pleasant Grove is valued at $296,900, which is $24,900 (8%) higher than Orem. Its rents are a little more expensive. The median monthly rent in Pleasant Grove is $1,139, which works out to $105 (9%) higher than Orem.
American Fork
American Fork is about 6 miles northwest from Orem. Its real estate prices are somewhat more expensive. American Fork's median home value is $286,800, which comes out to $14,800 (5%) higher than Orem. Its rents are somewhat more expensive. American Fork's median rent is $1,169 a month, which comes out to $135 (11%) higher than Orem.
