The typical home in Provo, UT is worth about $490,000.
With 20% down that's a loan near $392,000 — the calculator
is pre-filled with that figure. Brigham Young University and a fast-growing 'Silicon Slopes' tech corridor along I-15 have made Provo-Orem one of Utah's most in-demand metros, with a young, large-family demographic that keeps starter-home demand unusually high.
$2,545.11 / month
Total interest
$524,241
Total paid
$916,241
Payoff
30.0 years
How much you need to earn
Provo, UT's median household income is about
$78,000 a year. Under standard 28/36
lending rules that supports a home price around
$328,993 with 20% down —
below the $490,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Provo, UT is about $1,650 a month, so owning the median home costs roughly
$1,215 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Provo, UT?
On the metro's roughly $490,000 typical home with 20% down, the loan is about $392,000. Principal and interest run near $2,545 a month at today's rate, and Provo, UT's property tax plus insurance add about $320, for a full payment near $2,865.
Can I afford a home in Provo, UT on the median income?
The median household income is about $78,000 a year. Under standard 28/36 lending rules that supports a home price around $328,993 with 20% down — below the $490,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Provo, UT?
Typical asking rent is about $1,650 a month. The full owner payment on a median home is near $2,865, so owning costs roughly $1,215 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Provo, UT?
The effective property tax rate in the core county is about 0.57% of market value — roughly $2,793 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Provo, UT rising or falling?
Home values are up about 2% over the past year. Brigham Young University and a fast-growing 'Silicon Slopes' tech corridor along I-15 have made Provo-Orem one of Utah's most in-demand metros, with a young, large-family demographic that keeps starter-home demand unusually high.