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2018-06-28 13:00:18
Provo Utah ranked 4th for Millennial Buyers

Even though home prices in Provo are almost $100,000 more than the national median, Millennials (those between 22 and 36) purchased 56.5% of homes according the the National Association of Realtors.

High prices aren’t locking younger buyers out of the market here because wages are also good for the Millennial generation. The city is home to Brigham Young University, Vivint, NuSkin, and plenty of start-ups where computer coders can earn a fine living. It also boasts its own airport.

Provo homes cost a bit less than those in nearby Salt Lake City, at a median nearly $394,000. The larger city, about 45 minutes north, was ranked as one of the toughest housing markets for Millennials by realtor.com.

Many first-time buyers are moving to more family-friendly, suburban communities like Spanish Fork, Payson, or even Pleasant Grove where they can purchase larger homes.

The real estate market in Provo is still very strong and prices continue to rise.

 

 
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