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Provo

Learn about the people, housing, costs and businesses in Provo, Utah

Median Home$462,491
Median Rent$1,397/month
Population114,753
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare34% public administration
Home Value Growth+6.7% over 2 years
Young Adults57% of residentstop 1% nationally
Renters61% of occupied units
NotableHighly Educated31% hold a bachelor's degree · top 7% nationally
NotableAmenity Score72/100 · highly walkable area
Provo
UT

Frequently Asked Questions

What are today's mortgage rates in Provo?

As of today, the 30-year fixed mortgage rate for Provo is approximately 6.827% (6.865% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Provo?

The median home value in Provo is $462k. The median monthly rent is $1,397. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Provo?

Home values in Provo have increased 6.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $1,385/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Provo is $72k/year.

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What industries drive the economy in Provo?

The largest employment sectors in Provo are public administration (34%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.