How much is a home worth in ZIP code 84097?

The typical home in 84097 is worth $602,461, based on the Zillow Home Value Index.

Are home values rising in 84097?

Home values in 84097 are up 4.1% over the past year, and up 4.9% a year over five years.

What is the typical rent in 84097?

A typical home in 84097 rents for about $1,456 a month, a gross rental yield of 2.9%.

What is the property tax rate in 84097?

The effective property tax rate in 84097 is 0.4% — roughly $2,369 a year on a typical home.

ZIP code 84097 has a population of 22,217 and a median household income of $94,194.

HousingHandbookReference data

…

U.S. ZIP Code · UT84097

Utah County · Provo-Orem-Lehi, UT

Typical home value

$602,461^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +4.9%
10-year / yr: +7.6%

Relative price

vs U.S.: +112.1%
vs metro: +12.0%
vs state: +21.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 84097 is worth $602,461 — 12.0% above the Provo-Orem-Lehi, UT median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,456 a month — a 2.9% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,456^[2]
Gross yield: 2.9%^[2]
Cap rate: 1.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.4%^[3]
Typical annual tax: $2,369^[3]

#Climate risk

FEMA National Risk Index ratings for Utah County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Relatively High
Winter weather: Relatively High

#Who lives here

Population: 22,217^[3]
Median household income: $94,194^[3]

#Migration

Household moves in and out of Utah County over a year, from IRS tax-return data.

Net migration: +2,695^[5]
Moved in: 18,943
Moved out: 16,248

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 5
Middle: 1
High: 1

Orem High
High · Grades 10–12 · Alpine District
1,299 students
Canyon View Jr High
Middle · Grades 7–9 · Alpine District
1,092 students
Cascade School
Elementary · Grades PK–6 · Alpine District
854 students
Centennial Elementary
Elementary · Grades PK–6 · Alpine District
779 students
Cherry Hill School
Elementary · Grades PK–6 · Alpine District
712 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield2.9%

Net yield (after ~40% expenses)1.7%

Annual rent$17,477

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,046

Loan principal$481,969

Down payment$120,492

Total interest paid$614,725

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.57

Monthly cost to own$3,744

Monthly rent$1,456

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 59th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 13th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 84097?: The typical home in 84097 is worth $602,461, based on the Zillow Home Value Index.
Are home values rising in 84097?: Home values in 84097 are up 4.1% over the past year, and up 4.9% a year over five years.
What is the typical rent in 84097?: A typical home in 84097 rents for about $1,456 a month, a gross rental yield of 2.9%.
What is the property tax rate in 84097?: The effective property tax rate in 84097 is 0.4% — roughly $2,369 a year on a typical home.
Who lives in 84097?: ZIP code 84097 has a population of 22,217 and a median household income of $94,194.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

84645 vs 84097 →
Mona, UT
Typical home
$603,884
Gross yield
—
84003 vs 84097 →
American Fork, UT
Typical home
$600,721
Gross yield
3.7%
84604
Provo, UT
Typical home
$608,618
Gross yield
3.5%
84062
Pleasant Grove, UT
Typical home
$587,223
Gross yield
3.7%
84043
Lehi, UT
Typical home
$578,761
Gross yield
4.7%
84045
Saratoga Springs, UT
Typical home
$560,576
Gross yield
4.8%

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Pit ZIP 84097 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · UT84097

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