Provo - UT housing market

The typical Provo home is worth $539,276 as of August 2026, up 0.2% from the prior month, up 0.1% over three months, and up 1.8% from a year ago. Over the past two years values have ranged from $519,963 to $543,651.

Homes are going pending in about 34 days, slower than the 21 days seen three months earlier. There are roughly 3,127 homes for sale, 4% more than a year ago. 36.1% of listings have taken a price cut (up from 31.4% three months ago).

Typical rent is $1,793 a month, up 1.9% year over year, which puts the price-to-rent ratio at 25.1.

At this week's 7.40% mortgage rate with 20% down ($107,855), the typical Provo home costs about $3,661 a month including tax and insurance, which needs a household income of roughly $156,900 to stay under a 28% payment-to-income ratio.

The typical home value ($539,276) is the Zillow Home Value Index for the Provo - UT metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.8% over the past year. In Provo - UT, that means a home worth $529,741 last year is now worth roughly $539,276.

The median sale price, what homes actually close for, is $521,112. Homes are selling at 99.2% of list price, meaning buyers have room to negotiate.

Homes listed in Provo - UT sit on the market for roughly 34 days before going pending. Shorter = seller's market; longer = buyer's market.

About 36.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 887 new listings hit the market each month in Provo - UT. There are currently 3,127 homes for sale, up 4.2% from a year ago.

The typical monthly rent in Provo - UT is $1,793, up 1.9% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 25.1x, renting territory (#14 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,987 a month in principal and interest, $1,194 more than renting before taxes, insurance and upkeep. The two break even at a 2.89% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →