Orem, Utah is a mid-sized city with a population of 93,220 people. In Orem, there are 5,045 people per square mile, which is well above the national population density average. According to the most recent Census, 88% of Orem residents are White, 2% Asian and 1% Black. Orem could be a great place for young adults and students as the average age of 26 years old is below the nation’s average. Orem is known to be family friendly as more than 83% of the population has already tied the knot. It might also be worth noting that 50% of residents also have children under the age of 18.
Living in Orem can be a positive experience for anyone moving to the area. Having said that, in the state of Utah, there are many incredible places to live, so choose wisely! Using the livability score which includes data from categories like crime, cost of living, education, employment, housing, you can easily compare the best places to live in Orem and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Orem to Utah and the national average.
Orem, UT receives 75 out of 100 for its livability score; this results in a ranking of #21 in Utah and #4,963 in the USA. This is a great score, as Orem ranks well in multiple categories! If we dig a little deeper into each category within the livability score, we see that Orem has higher than average grades for the following: amenities (A+), crime (B+) and housing (B). There is at least one category that did not score well in Orem. The following was graded with a less than perfect score: weather (D) and education (D).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Orem, there is no shortage of amazing local amenities and interesting things to do.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 70 crimes per 100,000 residents, Orem has a violent crime rate that is far below the national average.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Orem has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Orem. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Orem are affordable. The median home price for Orem homes is $215,200, which is 4.2% lower than the Utah average. If we take a closer look at the affordability of homes in Orem, we’ll see that the home price to income ratio is 3.8, which is 5.6% higher than the Utah average. Real estate appreciation rates in Orem are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Orem homes comes in at 12.6%, and the 5 year appreciation rates were 8.5%.