Forbes names Provo-Orem area second best place in U.S. to invest in housing
Monday, March 26, 2018
If you own a home in Utah County, one national publication says it is a good investment.
Forbes released their 2018 list of the best places to invest in housing, and the Provo-Orem metro area — which includes much of Utah County — came in second.
“These cities offer a rare combination of better than average job growth and some runway before homes become overpriced -- both things anyone looking to make a smart real estate investment should be after,” Forbes writer Samantha Sharf wrote.
The study analyzed markets on five measures: one-year job growth, three-year population growth, one-year home price growth, affordability and Local Market Monitor’s own three-year home price forecast.
According to the article, the average home price in the area is $266,169. They also said that the area has a one-year home price growth of 10 percent and the forecast for the next three years is a housing price growth of 31 percent.