House Charts

Provo Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Provo home values are up 1.4% over the past year, to a typical $539k - 4% below the July 2022 peak. Typical rent is $1,773 a month (+1.8% in a year).
Typical home value
$539k
+1.4% (+$7,330) in 12 months
From the peak
-4%
Peak $559k, Jul 2022
Since Dec 2019
+51%
from $357k
Typical rent
$1,773/mo
+1.8% in 12 months
Income needed to buy
$136k/yr
20% down, 30% of income
Days to go under contract
55
September 2026

Provo home values since 2000

$200k$300k$400k$500k$600k2000200420082012201620202024Peak $559k (Jul 2022)Now $539k

Last few years

$400k$500k20192020202120222023202420252026Peak $559k (Jul 2022)Now $539k

Rent in Provo

$1,000$1,200$1,400$1,600$1,800201520172019202120232025Now $1,773

Owning vs renting, monthly

Buying the typical Provo home with 20% down at this week's 7.32% 30-year rate costs about $3,634/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,773/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Provo vs Utah vs the U.S.

Typical home12-month changeTypical rent
This metro$539k+1.4%$1,773/mo
Utah$533k+1.2%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Provo?

No - the typical Provo-area home value is up 1.4% over the past 12 months, at $539k (September 2026). Values are 4% below their July 2022 peak of $559k.

Is the Provo housing market crashing?

Home values are 4% below their July 2022 peak and up 1.4% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Provo?

Typical rent in the Provo metro is $1,773 a month (September 2026), +1.8% over 12 months.

How much income do you need to buy a home in Provo?

About $136k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Salt Lake City, UT · Ogden, UT · Portland, OR · Providence, RI · Denver, CO · Stockton, CA

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Provo, UT metro area. How we calculate.