Utah County Real Estate

Utah county real estate is becoming more popular each year. Only recently have we begun to see housing prices rise to match the average national prices. Located 44 miles south of Salt Lake City, Utah County lies in a valley beneath the Wasatch Mountains. Utah County is currently experiencing unprecedented growth. Founded in 1852 Utah County has a long history of being a wonderful community. It has consistently been ranked in the top twenty best places to live in the nation by Money Magazine and was ranked in the top twenty best places to do business in America by Forbes magazine. The County ranked 5th for the fastest growth of out all counties in Utah last year with an 8% percent increase. The total estimated population for the area is 398,056. Provo is the largest city in the county with a population of 153,600. Other cities of note are Orem, Pleasant Grove, and American Fork.

The total number of housing units in the county is 104,315. This number is increasing significantly each year. Several large developments are currently being underway in Lehi and American Fork. New construction can be seen everywhere. It is really an exciting time of growth for the Utah County. A majority of these units are owner occupied. Current estimates show that around 33,137 units are being rented. Utah County real estate is very popular among real estate investors due to the ease of renting in the area. There are several colleges, hair schools and dental hygiene schools in the area providing a large population of student renters. The 71,178 units that are owner occupied have an average monthly mortgage cost of $1,148. Due to the higher appreciation rates seen in other parts of the country those who relocate to Utah are able to buy a home that is much larger and newer than their pervious home. This is another reason for the amount of growth we are seeing in Utah County. Real estate here is a great buy.

Another reason Utah County real estate is so appealing is the low crime rate. An FBI report showed the Provo-Orem Area has the second-lowest rate of violent crime in the nation for the year 2000. Utah County is also very family-oriented. The average family size is 3.86, much higher than the national average. Large families and a high student population are responsible for the county's low median age of 23.3 (the lowest county median age in the United States). This is a community of active young adults and young families.

Median income for a household in the county is $45,833, and the median income for a family was $50,196. Males had a median income of $37,878 versus $22,656 for females. The per capita income for the county was $15,557. Over 12.00% of the population and 6.80% of families were below the poverty line. The poverty rate for the county is partially due to the large student population in the area. Also because of its younger population many haven