Counties / Utah / Utah County

Utah County, UT

FIPS 49049 · population 705,400 · part of Provo, UT

$549k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Utah County, UT?

The latest county-level Zillow ZORI is $1,847 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,8472026-06 · up 2.2% year over year
County ACS gross rent$1,541ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,460FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Utah County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,257Utah County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,265Utah County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,460Utah County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,031Utah County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,449Utah County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$549k
▲ 1.8% year over year
Zillow ZHVI · direct
Median asking rent
$1,847
▲ 2.2% year over year
Zillow ZORI · direct
Gross yield
4.0%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,460
market rent is 1.26x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+53.6%not annualized · through 2025
0%ZILLOW ZHVI2026-06+1.8%FHFA HPI2025+2.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$539k
Surveyed gross rent$1,541
Rent burden 30%+45.3%
Median year built2001
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
3.8%vacant
211,066estimated housing units
Occupied tenure31.7% renter
owner 68.3%renter 31.7%
Structure mix75.1% single-family
Single-family 75.1%20+ units 6.6%Mobile home 1.3%Other 17.0%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs300,796▲ 1.9% from the prior annual release
Covered establishments23,059annual average reporting locations
Average weekly wage$1,240▲ 2.9% from the prior annual release
Largest private supersectorEducation and health services20.6% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.9%WEEKLY WAGE+2.9%Education and health services20.6%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Utah CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$30k$60k196919972024$3k$60k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Utah CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI10,47082.1% burdened30–50% HAMFI10,30578.3% burdened50–80% HAMFI15,80043.4% burdened80–100% HAMFI7,29514.6% burdenedAbove 100% HAMFI14,9351.4% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Utah County, UT

These Apartment List observations match the exact county Census code 49049. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,404$1,337$1,2692021-082026-07
Recent-lease rent$1,3342026-07 · -0.1% year over year
Rental vacancy12.3%2026-07 · +5.1 percentage points year over year
Time on marketn/an/a
County brief

What the local evidence says

01Decision frame

Utah County presents an income-versus-price tension: the Zillow county observation labeled 2026-06 shows a $549,494 median home value, up 1.83%, against published median asking rent of $1,847 per month and a 4.03% gross yield before costs. Income-oriented buyers should investigate property-level expenses and leaseable rent; buyers treating county appreciation as a substitute for cash-flow evidence should be cautious.

02Housing economics

An effective property-tax rate of 0.44% is a carrying-cost input, though an individual bill can differ by property. HUD’s two-bedroom Fair Market Rent is a payment standard, not asking rent, and cannot replace the published market rent in a gross-yield calculation. FHFA’s repeat-transaction HPI, labeled 2025, rose 2.81%; it is directionally consistent with Zillow’s value change but is not a home price. The methods and observation labels differ, so the rates should not be averaged or treated as the same interval.

03Demand & competition

MLS listing-market evidence calls for selective underwriting rather than a conclusion about closed-sale demand: 2,718 active listings and price reductions on 27.57% of listings document visible supply and seller concessions. QCEW reports annual covered employment at county workplaces rising; this is not resident employment or a forecast, and Education and health services is only the largest disclosed private supersector, not the whole economy. Net migration of 2,719 tax-return households is positive, but entrants had lower average AGI than leavers, limiting what inflow alone establishes about purchasing power. Investor mortgages accounted for 646 of 10,298 purchases, or 6.27%, indicating participation without showing that investors dominate buyer competition.

04Risk & next checks

Earthquake is the dominant hazard, while modeled expected annual building-value loss is 0.20%; that ratio is not an observed claim history or a property-specific repair estimate. Property-level seismic condition, insurance quotes and deductibles, vacancy, operating expenses, financing terms, and closed-sale comparables are not published. Their absence prevents a reliable all-in cash-flow conclusion, assessment of hazard-adjusted carrying costs, and confirmation that county-level listing and rent evidence applies to a particular asset.

County ZIP rental landscape

How asking rent and renter pressure vary inside Utah County, UT

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$1,459$2,365Zillow asking-rent index
Monthly spread$906highest minus lowest selected ZIP
Observed burden range34.3%51.7%ACS renter households paying 30%+
Renter households covered56,980across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.84043$2,36584660$2,09384003$1,84884059$1,83084062$1,76584604$1,75984663$1,63484097$1,56284058$1,55184606$1,50784057$1,47884601$1,459
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.54.2%48.6%43.0%37.4%31.8%846068405884604840438460184003840578406284663840598466084097Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.84043+162.0%84660+143.4%84003+126.6%84059+125.3%84062+120.9%84604+120.5%84663+111.9%84097+107.0%84058+106.2%84606+103.2%84057+101.2%84601+99.9%
WHAT THE LOCAL DISTRIBUTION SAYS

Within the selected direct-evidence ZIP/ZCTA matches in Utah County, Zillow’s June 2026 ZORI, a typical observed asking-rent index, runs from $1,459 in 84601 to $2,365 in 84043—a $906 spread with a $1,696.50 median. This variation makes the decision question local: can a household’s budget and unit-size requirement fit the relevant asking-rent band, rather than relying on one countywide figure? The direct set captures index conditions at distinctly different levels, but it does not quote a particular available property.

These series answer different questions and should remain separate. The ACS 2024 five-year ZCTA median gross-rent estimate ranges from $1,178 in 84604 to $1,989 in 84043, while the county ACS median is $1,541. That survey estimate has a different concept and vintage from Zillow’s current asking-rent index. HUD’s two-bedroom FMR is instead a $1,460 administrative standard across the shown ZIPs, not an asking-rent estimate. Relative to that standard, Zillow’s index is essentially at parity in 84601 (99.9%) and is 62.0% above it in 84043. This comparison is a benchmark gap, not an assertion that either series describes the rent of an equivalent unit. Households should compare a prospective unit’s current rent and bedroom configuration with the appropriate measure, without substituting historical ACS gross rent or FMR for an asking-rent observation.

Burden and vacancy offer a survey-based trade-off rather than a ranking. For the ACS measure of renter households spending 30% or more of income on rent, the reported share ranges from 34.3% in 84043 to 51.7% in 84097. The ACS vacancy estimate spans 1.6% in 84059 to 7.8% in 84604. These endpoints do not establish a causal link among rent, burden, and vacancy, nor do they identify units currently available. For a household, the practical reading is conditional: a lower burden share does not promise a lower current asking rent, and a higher vacancy estimate does not assure a suitable unit at a given price. The measures help frame search conditions alongside the separate ZORI and FMR benchmarks.

Coverage and geography constrain interpretation. The selection displays 12 of 16 eligible direct-ZORI ZIP/ZCTA matches and covers 56,980 renter households, but it is not an exhaustive inventory. Census ZCTAs are statistical areas and do not coincide exactly with USPS delivery ZIPs. Because ZIPs can cross county lines, display assignment uses the county with the largest HUD residential-address share, rather than proof that every associated address lies in Utah County. Before deciding, verify the current unit rent, bedroom count, utilities and fees, lease term, availability, address, and geographic assignment; use the applicable HUD standard only for its administrative purpose.

Selected ZIP evidence

Keep each source universe visible

16 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
84606$1,507$1,188$1,46047.8%5.2%$60k100.0%
84058$1,551$1,413$1,46044.2%5.2%$62k100.0%
84604$1,759$1,178$1,46049.1%7.8%$70k99.4%
84043$2,365$1,989$1,46034.3%2.2%$95k100.0%
84601$1,459$1,208$1,46047.0%4.5%$58k100.0%
84003$1,848$1,721$1,46039.8%3.8%$74k100.0%
84057$1,478$1,417$1,46039.5%4.7%$59k100.0%
84062$1,765$1,704$1,46036.1%3.8%$71k100.0%
84663$1,634$1,576$1,46044.7%3.2%$65k100.0%
84059$1,830$1,851$1,46050.2%1.6%$73k100.0%
84660$2,093$1,460$1,46040.6%2.9%$84k100.0%
84097$1,562$1,598$1,46051.7%4.0%$62k100.0%
READ BEFORE USING

Census ACS values are five-year estimates reported for ZCTAs, which are statistical areas rather than USPS delivery ZIPs. They describe survey estimates and may differ in timing, geography, and definition from Zillow’s ZIP-level asking-rent index.

The selected direct-evidence set is not exhaustive, and ZIP-to-county display assignment follows the largest HUD residential-address share. ZIPs may cross county lines, so inclusion does not mean every address bearing that ZIP lies within Utah County.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Utah County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Provo city114.8KOrem city97.2KLehi city85.2KEagle Mountain city53.3KDraper city*50.3KSaratoga Springs city48.4KSpanish Fork city44.9KPleasant Grove city37.9K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

34 Census places

Population
  1. 01
    Provo cityIncorporated place
    114,766
  2. 02
    Orem cityIncorporated place
    97,182
  3. 03
    Lehi cityIncorporated place
    85,173
  4. 04
    Eagle Mountain cityIncorporated place
    53,290
  5. 05
    Draper cityIncorporated place · spans 2 counties
    50,278
  6. 06
    Saratoga Springs cityIncorporated place
    48,425
  7. 07
    Spanish Fork cityIncorporated place
    44,946
  8. 08
    Pleasant Grove cityIncorporated place
    37,852
  9. 09
    American Fork cityIncorporated place
    37,109
  10. 10
    Springville cityIncorporated place
    35,849
  11. 11
    Payson cityIncorporated place
    23,039
  12. 12
    Highland cityIncorporated place
    20,119
Show 22 more places
  1. 13
    Bluffdale cityIncorporated place · spans 2 counties
    18,797
  2. 14
    Santaquin cityIncorporated place · spans 2 counties
    16,436
  3. 15
    Vineyard townIncorporated place
    14,446
  4. 16
    Mapleton cityIncorporated place
    13,114
  5. 17
    Lindon cityIncorporated place
    11,765
  6. 18
    Alpine cityIncorporated place
    10,392
  7. 19
    Salem cityIncorporated place
    10,324
  8. 20
    Cedar Hills cityIncorporated place
    9,950
  9. 21
    Elk Ridge cityIncorporated place
    4,898
  10. 22
    Genola townIncorporated place
    1,842
  11. 23
    Woodland Hills cityIncorporated place
    1,559
  12. 24
    West Mountain CDPCensus-designated place
    1,282
  13. 25
    Lake Shore CDPCensus-designated place
    1,129
  14. 26
    Benjamin CDPCensus-designated place
    864
  15. 27
    Goshen townIncorporated place
    838
  16. 28
    Spring Lake CDPCensus-designated place
    657
  17. 29
    Palmyra CDPCensus-designated place
    301
  18. 30
    Fairfield townIncorporated place
    198
  19. 31
    Cedar Fort townIncorporated place
    176
  20. 32
    Elberta CDPCensus-designated place
    170
  21. 33
    Hobble Creek CDPCensus-designated place
    105
  22. 34
    Sundance CDPCensus-designated place
    104

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardearthquake

0.197% of building value expected lost per year

Effective property tax0.44%

$2,370 median annual bill

02
DemandIRS SOI household flows
Net migration+2,719

18,832 in · 16,113 out

Arriving vs leaving income−$410

$69,001 arriving · $69,411 leaving

03
CompetitionHMDA financed purchases
Purchases by investors6.3%

646 of 10,298 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings2,718▼ 1.4% year over year
Median days on market54▲ 1.9% year over year
Listings price-reduced27.6%seller-concession signal
Median listing pricen/a▼ 3.9% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Provo, UT

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Utah County705,400$549k$1,8474.0%earthquake
Juab County12,586$460kn/an/awildfire
Bear case

What can break the county thesis

  1. Unpublished vacancy, operating costs, financing terms, and insurance costs could materially change the pre-cost yield.
  2. County-level rent and MLS conditions may not match the relevant neighborhood, property type, or asset condition.
  3. Property-specific earthquake vulnerability and insurance deductibles may differ substantially from the modeled county loss ratio.
Underwriting questions

Before pricing a property

What gross yield is reported for Utah County?

The record reports a 4.03% gross yield, defined as annual market rent before costs relative to price.

Can HUD two-bedroom Fair Market Rent be used as the county’s asking rent?

No. The record identifies HUD FMR as a payment standard, while the published rent measure is median asking rent.

How large is investor participation in purchase mortgages?

Investor mortgages were 646 of 10,298 purchases, equal to 6.27%.