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Utah County, UT

RANK #617 / 996  ·  POP 666,021  ·  UT

PROJECTED GROWTH: +0.3%

Utah County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Utah County?

Utah County, Utah, is often defined by its dramatic natural scenery, with the towering Wasatch Mountains to the east and Utah Lake, the state's largest freshwater lake, to the west. Provo, the county seat, is approximately 35 miles south of Salt Lake City. Commuting to Salt Lake City is possible via I-15 or the FrontRunner commuter rail. The community offers extensive outdoor recreation, including hiking the Y Trail in Provo, mountain biking at Corner Canyon, fishing at Utah Lake State Park, and skiing at Sundance Mountain Resort. Bridal Veil Falls in Provo Canyon is another notable natural landmark.

Life in Utah County is characterized by a family-oriented atmosphere and a strong sense of community. The public school system is above average, with institutions like Utah County Academy of Science and Karl G. Maeser Preparatory Academy ranking highly. The economy is expanding, driven by growth in technology, often referred to as "Silicon Slopes," and ongoing development in commercial and residential sectors. This growth attracts both young professionals and families, contributing to a consistent demand for housing.

[02] Market Snapshot

Housing Ratio
7.6x

Overvalued relative to economy

GDP Growth
+7.0%

Well above national median

Home Prices
+2.4%

Outpacing national median

Climate & Terrain
4.9

Favorable climate & terrain

Price/Rent
21x

Prices detached from rents

Housing looks overvalued at 7.6x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Utah County U.S. National

The Numbers

DEMOGRAPHICS
Population
666,021
+2.74% YoY
Median Household Income
$91,263
Median Home Value
$443,000
+2.37% 12mo
Median Rent
$1,330
Average Annual Pay
$62,648
+4.0% YoY
Employment
295,152
+1.5% YoY
Income-to-Home-Value
0.206
Near national average
Migration Inflow
3.04%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$519,995
Days on Market
71
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
98.9%
Near asking price
Sold Above List
23.5%
Listings w/ Price Drops
24.7%
Building Permits (2024)
6,321
Single-Family Permits
5,174

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,200M
TOTAL
PROJECT AMOUNT STATUS
QTS Data Center Campus
QTS
$500M Under Construction
Various New Residential Communities
Multiple Builders (e.g., David Weekley Homes, Meritage Homes, Richmond American Homes, EDGEhomes)
$500M Under Construction
Meta Data Center
Meta
$100M Operating
Provo Power Plant Upgrade
Utah Municipal Power Agency (UMPA)
$50M Completed
Buc-ee's Travel Center
Buc-ee's
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +7.0% 94 percentile
Population Growth +2.7% 94 percentile
Income Growth +10.1% 81 percentile
Vacancy Rate 0.6% 88 percentile
Home Price Change +2.4% 64 percentile
Rent Growth +2.6% 43 percentile
Price/Rent 21x 5 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Utah County, UT a good place to move to?

Utah County has a Boom Town Index score of 38/100, ranking #617 among 996 U.S. counties. With job growth at +1.5% and a median household income of $91,263, it faces some economic headwinds compared to faster-growing counties.

Is Utah County affordable?

The median home value in Utah County is $443,000 with median rent at $1,330/month. The income-to-home-value ratio is 0.206, which is less affordable than the national average.

Is Utah County growing or shrinking?

Population growth: +2.7% year-over-year. Job growth: +1.5%. Home values changed +2.4% in the past 12 months.

Are people moving to Utah County?

Yes — 3.04% of Utah County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

McMinn County, TN 48 Montgomery County, VA 48 Bullitt County, KY 48 Cumberland County, NC 48 Licking County, OH 48 Walker County, GA 48 Monroe County, IN 48 Darlington County, SC 48