While investing in Utah County real estate seems like a no-brainer already,
there’s now solidified proof. According to Forbes, one of America’s leading business journals, the Provo-Orem area of Utah is the second best place to invest in housing in the United States in 2018. And, within Utah County.
2. Provo-Orem, Utah
Average home price: $266,169
3-year population growth: 7.2%
2-year job growth: 6.7%
1-year home price growth: 10%
3-year price growth forecast: 31%
If you own a home in Utah County, one national publication says it is a good investment. The article calls the area “the sweet spot for local affordability.”
The Factors
We already knew of Utah County’s potential, of course. But did you? The full list comprises 20 locals nationwide where population, jobs and home prices are consistently growing, promising homeowners and buyers in those respective areas a decent return on their investment without outsized risk. And, as discovered by Forbes and the Local Market Monitor, Utah County just so happens to be one of the most auspicious investment hubs in the entire country.
The Proof
In the Provo-Orem area, the average home price is $266,169 while the 3-year price growth forecast is estimated to be 31%—a steady increase which denotes that now, more than ever, is the perfect time to put down roots at Utah County.
Additionally, the 3-year population growth amounts to 7.2% and the 2-year job growth is an impressive 6.7%. Utah County shows a great deal of present and future prosperity as homeowners benefit from dependent sources of income.
An Unrivaled Quality of Life
You might be asking yourself, Why is this happening in Utah County? The answer is quite simple, really. The quality of life here gives reason to the fact that people are both consistently and increasingly putting down roots in the area.
At Summit Creek, homeowners benefit from a life completely and utterly immersed in nature. Here, residents profit from the fresh mountain air, the boundless adventure that lies just beyond their doorstep, the open space and expansive land to build their dream homes.
So, while the numbers are wholly convincing of Utah County’s investment potential, we think it’s best to see it to believe it. We’re certain you’ll never want to leave.
The Provo-Orem was one of eight new cities to make the 20-city list this year. Only Orlando Florida came in ahead of Provo-Orem. The only other Utah area to make the list was Ogden-Clearfield.
#RealEstateForSale #Homeownership #UtahRealEstate #Utahcounty
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