Provo, UT Real Estate
According to census data in the year 2000 there were 30,412 housing units in Provo.
This represents a 23.7% growth from 24,578 in 1990.
Of those housing units, 30,232 were located in either urbanized areas or urban clusters, and 180 were located in what is classified as a rural area.
Homeownership rate in Provo is about 42.7%.
Provo's vacancy rate, including seasonal lodging, is about 3.9%.
Average household size is 3.34 people.
The majority of houses, apartments or condos in Provo were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 16.10% |
| Two Bedrooms | 28.90% |
| Three Bedrooms | 24.60% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 11.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.52 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $149,700 |
| Median Price asked for vacant units | $123,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.21 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $573 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 10.70% |
| Home Equity Loan | 7.40% |
| Simple Mortgage | 52.60% |
| Debt Free | 28.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
