Cities with the fastest growing home prices in Provo metro area

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November 23, 2022
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Cities with the fastest growing home prices in Provo metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Provo-Orem, UT metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 29 cities and towns with data available were included in the list.

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#29. Levan, Levan

- 1-year price change: +$42,749 (+14.3%)
- 5-year price change: +$178,523 (data not available)
- Typical home value: $340,673 (#28 most expensive city in metro)
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#28. Eureka, Eureka

- 1-year price change: +$46,515 (+23.0%)
- 5-year price change: +$178,523 (data not available)
- Typical home value: $249,146 (#29 most expensive city in metro)
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#27. Payson, Payson

- 1-year price change: +$48,267 (+11.2%)
- 5-year price change: +$233,811 (+94.6%)
- Typical home value: $480,914 (#25 most expensive city in metro)
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#26. Provo, Provo

- 1-year price change: +$52,048 (+11.7%)
- 5-year price change: +$228,769 (+84.7%)
- Typical home value: $498,710 (#24 most expensive city in metro)
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#25. Santaquin, Santaquin

- 1-year price change: +$52,231 (+11.1%)
- 5-year price change: +$244,023 (+87.5%)
- Typical home value: $522,825 (#23 most expensive city in metro)

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#24. Orem, Orem

- 1-year price change: +$57,850 (+12.3%)
- 5-year price change: +$247,005 (+87.7%)
- Typical home value: $528,722 (#22 most expensive city in metro)
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#23. Goshen, Goshen

- 1-year price change: +$58,861 (+15.0%)
- 5-year price change: +$247,005 (data not available)
- Typical home value: $450,375 (#26 most expensive city in metro)
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#22. Eagle Mountain, Eagle Mountain

- 1-year price change: +$59,046 (+11.5%)
- 5-year price change: +$262,216 (+84.9%)
- Typical home value: $571,009 (#18 most expensive city in metro)
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#21. Springville, Springville

- 1-year price change: +$59,188 (+12.6%)
- 5-year price change: +$247,203 (+87.3%)
- Typical home value: $530,275 (#21 most expensive city in metro)
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#20. Vineyard, Vineyard

- 1-year price change: +$59,812 (+11.0%)
- 5-year price change: +$277,538 (+84.8%)
- Typical home value: $604,844 (#15 most expensive city in metro)

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#19. Pleasant Grove, Pleasant Grove

- 1-year price change: +$60,132 (+11.6%)
- 5-year price change: +$269,052 (+86.8%)
- Typical home value: $579,114 (#17 most expensive city in metro)
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#18. Spanish Fork, Spanish Fork

- 1-year price change: +$61,667 (+12.6%)
- 5-year price change: +$263,179 (+92.0%)
- Typical home value: $549,188 (#20 most expensive city in metro)
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#17. American Fork, American Fork

- 1-year price change: +$62,902 (+12.5%)
- 5-year price change: +$264,823 (+87.4%)
- Typical home value: $567,743 (#19 most expensive city in metro)
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#16. Salem, Salem

- 1-year price change: +$63,660 (+10.7%)
- 5-year price change: +$300,473 (+83.7%)
- Typical home value: $659,352 (#10 most expensive city in metro)
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#15. Nephi, Nephi

- 1-year price change: +$64,072 (+16.8%)
- 5-year price change: +$214,257 (+92.5%)
- Typical home value: $445,815 (#27 most expensive city in metro)

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#14. Spring Lake, Spring Lake

- 1-year price change: +$66,135 (+11.9%)
- 5-year price change: +$214,257 (data not available)
- Typical home value: $621,829 (#14 most expensive city in metro)
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#13. Lehi, Lehi

- 1-year price change: +$67,529 (+11.8%)
- 5-year price change: +$287,028 (+81.8%)
- Typical home value: $637,915 (#12 most expensive city in metro)
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#12. Saratoga Springs, Saratoga Springs

- 1-year price change: +$69,985 (+12.1%)
- 5-year price change: +$294,561 (+83.1%)
- Typical home value: $649,169 (#11 most expensive city in metro)
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#11. Cedar Hills, Cedar Hills

- 1-year price change: +$74,516 (+11.8%)
- 5-year price change: +$318,819 (+82.0%)
- Typical home value: $707,732 (#9 most expensive city in metro)
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#10. Cedar Fort, Cedar Fort

- 1-year price change: +$75,264 (+14.4%)
- 5-year price change: +$318,819 (data not available)
- Typical home value: $598,409 (#16 most expensive city in metro)

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#9. Elk Ridge, Elk Ridge

- 1-year price change: +$83,298 (+12.0%)
- 5-year price change: +$370,173 (+90.9%)
- Typical home value: $777,305 (#8 most expensive city in metro)
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#8. Lindon, Lindon

- 1-year price change: +$90,357 (+13.0%)
- 5-year price change: +$330,225 (+72.3%)
- Typical home value: $786,716 (#7 most expensive city in metro)
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#7. Mona, Mona

- 1-year price change: +$95,253 (+17.9%)
- 5-year price change: +$310,232 (+97.8%)
- Typical home value: $627,311 (#13 most expensive city in metro)
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#6. Woodland Hills, Woodland Hills

- 1-year price change: +$102,206 (+12.0%)
- 5-year price change: +$451,770 (+90.4%)
- Typical home value: $951,555 (#4 most expensive city in metro)
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#5. Mapleton, Mapleton

- 1-year price change: +$115,609 (+15.8%)
- 5-year price change: +$398,176 (+88.9%)
- Typical home value: $846,115 (#6 most expensive city in metro)

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#4. Genola, Genola

- 1-year price change: +$136,113 (+18.9%)
- 5-year price change: +$381,875 (+80.8%)
- Typical home value: $854,460 (#5 most expensive city in metro)
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#3. Highland, Highland

- 1-year price change: +$138,040 (+14.6%)
- 5-year price change: +$508,447 (+88.0%)
- Typical home value: $1,086,556 (#3 most expensive city in metro)
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#2. West Mountain, West Mountain

- 1-year price change: +$154,295 (+15.2%)
- 5-year price change: +$508,447 (data not available)
- Typical home value: $1,168,332 (#2 most expensive city in metro)
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#1. Alpine, Alpine

- 1-year price change: +$159,316 (+15.1%)
- 5-year price change: +$548,275 (+82.6%)
- Typical home value: $1,211,975 (#1 most expensive city in metro)

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