Cities With the Fastest Growing Home Prices in Provo Metro Area

4 PM production // Shutterstock

Cities with the fastest growing home prices in Provo metro area

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

The pandemic became a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. Since then, increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in the Provo-Orem, UT metro area using data from Zillow. Cities are ranked by 1-year price change as of May 2023. The typical home value in the United States increased over the last year by 0.9% to $346,856. All 26 cities and towns with data available were included in the list.

You may also like: Highest-paying jobs in Provo that don't require a college degree

1 / 26

Stacker

#26. Woodland Hills, UT

- 1-year price change: -$76,966 (-8.9%)
- 5-year price change: +$270,338 (+52.0%)
- Typical home value: $790,216 (#4 most expensive city in metro)

2 / 26

Stacker

#25. Alpine, UT

- 1-year price change: -$68,910 (-6.5%)
- 5-year price change: +$366,036 (+58.3%)
- Typical home value: $994,409 (#1 most expensive city in metro)

3 / 26

Stacker

#24. West Mountain, UT

- 1-year price change: -$68,177 (-6.5%)
- 5-year price change: +$366,036 (data not available)
- Typical home value: $981,765 (#2 most expensive city in metro)

4 / 26

Stacker

#23. Highland, UT

- 1-year price change: -$67,191 (-6.8%)
- 5-year price change: +$339,098 (+57.8%)
- Typical home value: $925,948 (#3 most expensive city in metro)

5 / 26

Stacker

#22. Mapleton, UT

- 1-year price change: -$59,147 (-7.6%)
- 5-year price change: +$256,040 (+55.0%)
- Typical home value: $721,616 (#5 most expensive city in metro)

You may also like: Highest paying jobs in Provo that require a bachelor's degree

6 / 26

Stacker

#21. Lindon, UT

- 1-year price change: -$46,667 (-6.3%)
- 5-year price change: +$218,888 (+46.4%)
- Typical home value: $690,594 (#7 most expensive city in metro)

7 / 26

Stacker

#20. Elk Ridge, UT

- 1-year price change: -$44,237 (-6.1%)
- 5-year price change: +$227,821 (+50.7%)
- Typical home value: $676,850 (#8 most expensive city in metro)

8 / 26

Stacker

#19. Cedar Hills, UT

- 1-year price change: -$39,614 (-5.8%)
- 5-year price change: +$193,228 (+43.1%)
- Typical home value: $641,475 (#9 most expensive city in metro)

9 / 26

Stacker

#18. Salem, UT

- 1-year price change: -$39,392 (-6.2%)
- 5-year price change: +$194,273 (+48.6%)
- Typical home value: $593,973 (#10 most expensive city in metro)

10 / 26

Stacker

#17. Lehi, UT

- 1-year price change: -$39,044 (-6.3%)
- 5-year price change: +$201,570 (+53.7%)
- Typical home value: $577,212 (#11 most expensive city in metro)

You may also like: Most common domestic destinations from Provo Municipal Airport

11 / 26

Stacker

#16. Genola, UT

- 1-year price change: -$38,065 (-5.2%)
- 5-year price change: +$230,717 (+49.2%)
- Typical home value: $699,438 (#6 most expensive city in metro)

12 / 26

Stacker

#15. Vineyard, UT

- 1-year price change: -$36,456 (-6.4%)
- 5-year price change: +$228,194 (+75.1%)
- Typical home value: $532,022 (#13 most expensive city in metro)

13 / 26

Stacker

#14. Saratoga Springs, UT

- 1-year price change: -$30,769 (-5.1%)
- 5-year price change: +$216,434 (+60.4%)
- Typical home value: $574,708 (#12 most expensive city in metro)

14 / 26

Stacker

#13. American Fork, UT

- 1-year price change: -$29,172 (-5.2%)
- 5-year price change: +$178,464 (+51.1%)
- Typical home value: $527,826 (#14 most expensive city in metro)

15 / 26

Stacker

#12. Eagle Mountain, UT

- 1-year price change: -$27,527 (-5.0%)
- 5-year price change: +$198,797 (+61.3%)
- Typical home value: $522,973 (#15 most expensive city in metro)

You may also like: Coat drives near Provo

16 / 26

Stacker

#11. Mona, UT

- 1-year price change: -$24,715 (-4.5%)
- 5-year price change: +$174,502 (+50.2%)
- Typical home value: $521,817 (#16 most expensive city in metro)

17 / 26

Stacker

#10. Spanish Fork, UT

- 1-year price change: -$23,952 (-4.5%)
- 5-year price change: +$176,351 (+53.5%)
- Typical home value: $506,176 (#18 most expensive city in metro)

18 / 26

Stacker

#9. Santaquin, UT

- 1-year price change: -$22,461 (-4.5%)
- 5-year price change: +$166,853 (+52.9%)
- Typical home value: $482,139 (#21 most expensive city in metro)

19 / 26

Stacker

#8. Springville, UT

- 1-year price change: -$21,475 (-4.3%)
- 5-year price change: +$170,206 (+54.3%)
- Typical home value: $483,617 (#19 most expensive city in metro)

20 / 26

Stacker

#7. Payson, UT

- 1-year price change: -$21,282 (-4.5%)
- 5-year price change: +$149,638 (+50.2%)
- Typical home value: $447,956 (#23 most expensive city in metro)

You may also like: Highest-rated restaurants with outdoor seating in Provo, according to Yelp

21 / 26

Stacker

#6. Provo, UT

- 1-year price change: -$20,383 (-4.2%)
- 5-year price change: +$164,013 (+55.4%)
- Typical home value: $460,157 (#22 most expensive city in metro)

22 / 26

Stacker

#5. Pleasant Grove, UT

- 1-year price change: -$18,814 (-3.5%)
- 5-year price change: +$182,389 (+54.2%)
- Typical home value: $519,006 (#17 most expensive city in metro)

23 / 26

Stacker

#4. Orem, UT

- 1-year price change: -$15,394 (-3.1%)
- 5-year price change: +$172,773 (+55.8%)
- Typical home value: $482,502 (#20 most expensive city in metro)

24 / 26

Stacker

#3. Goshen, UT

- 1-year price change: -$8,393 (-1.9%)
- 5-year price change: +$172,773 (data not available)
- Typical home value: $440,251 (#24 most expensive city in metro)