There are currently 21,777 real estate properties in Provo, UT, with a median automated valuation model (AVM) price of $493,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Provo, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Provo, UT, is $539,303.00, with the most expensive house in Provo, UT, topping out at $11,274,500.00 and the cheapest home in Provo, UT, clocking in at $79,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Provo, UT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Provo, UT, is on a rollercoaster ride. The average rent price in Provo, UT, is $1,757.00. Indeed, when looking to rent in Provo, UT, you can expect to pay as little as $590.00 or as much as $3,720.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Provo, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Provo, UT area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Provo, UT and much more. Save thousands at closing with home foreclosure listings in Provo, UT — up to 75% off market value!
Provo is located in Utah, Utah, with an estimated municipal population of 116,618 residents. All of the best foreclosed homes for sale in Provo are located in the following zip code areas on Foreclosure.com: 84604 84606 84601 84602 84603 84605. The estimated population per square kilometer (.62 miles) in Provo is 1,080.
So, about how much do homes cost in Provo? The most recent median value of resident-owned homes in Provo is 271,878. An estimated 39.6 percent of households in Provo own their homes, with an average family size of 3.39. The median household income in Provo is 48,888, with18.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Provo, the median commute time of resident workers (in minutes) is 18.5. And last, but certainly not least, are you looking for homes to rent in Provo? If so, the average rent price paid by renters in Provo is 877, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Provo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Provo is 23.6, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Provo is 44.6, with an average family size of 3.39.
The percentage of residents who report their race in Provo is as follows:
|Black / African American||0.9%|
|American Indian / Alaskan Native||0.8%|
|Native Hawaiian / Other Pacifc Islander||1.3%|
Looking for family-friendly neighborhoods in and/or near Provo? Or maybe you are searching for 55+ active adult communities in and/or near Provo?
The percentage of residents who report their age in Provo is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Provo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Provo.
How do you know that living in -- or moving to -- Provo is right where you need to be? Perhaps you grew up in Provo or already live nearby; therefore, the decision to buy a home in Provo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Provo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Provo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Provo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Provo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Provo, meanwhile, can field multiple offers from more qualified buyers.
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