Market Overview
Home Prices in Provo, UT
The median home value in Provo, UT is $489,807 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Provo are priced19% above average. Provo is part of the Provo-Orem, UT metro area.
Over the past five years, Provo home values have risen by approximately19.0%, reflecting steady appreciation in this market.
Price History
Provo Home Price Trend
2020
$335,307
$335K
—
2021
$411,760
$412K
+22.8%
2022
$498,066
$498K
+21.0%
2023
$459,104
$459K
-7.8%
2024
$472,621
$473K
+2.9%
2025
$481,720
$482K
+1.9%
2026
$489,807
$490K
+1.7%
City Comparison
Provo vs. National Median
🏠 Provo
$489,807
National Median
$410,000
At $489,807, homes in Provo cost 19% above the national median of $410,000. Buyers in Provo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Provo?
20% Down Payment
$97,961
on $489,807
Monthly P&I
$2,555/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,245/mo
incl. taxes & insurance
Income Needed
$129,800
gross annual (30% rule)
10% Down Option
$48,981
+ PMI applies
Loan Amount (20% dn)
$391,846
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Provo, UT?
The median home value in Provo is $489,807 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Provo?
Over the past year, home values in Provo have increased by 1.7%. Over five years, prices have risen approximately 19.0%.
How much do I need to earn to buy a home in Provo?
To comfortably afford the median home price of $489,807 with a 20% down payment ($97,961) at today's rates (6.8%), you'd need a gross annual income of approximately $129,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Provo compare to the national average home price?
The national median home value is approximately $410,000. At $489,807, homes in Provo are 19% above the national average.
What metro area is Provo part of?
Provo is part of the Provo-Orem, UT metropolitan area. Home prices and market conditions can vary across the broader metro region.