Rent to Own Homes near Provo, UT

  • Provo, Utah, has received lots of mentions as a great place to live from many publications, including Where to Retire, National Geographic Adventure, and Forbes. Located about 40 miles south of Salt Lake City, Provo lies between Utah Lake and the Wasatch mountain range, and is central to the Provo-Orem metropolitan area, which has a population of more than half a million residents. The city is home to Brigham Young University and also the largest training center for the Church of Jesus Christ of Latter-day Saints missionaries. Provo has been a technology development focus area for the state and is home to Novell, a leading software company, as well as many smaller tech firms.

Check out Provo, UT homes for sale that may include: rent to own, foreclosure, HUD, for sale by owner and more

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Top Reasons to Live in Provo UT

  • Housing Statistics As of September, 2013, the average home sales price in Provo was $199,000, and the metro area saw 9,850 sales transactions. There are 30,412 houses in Provo and 29,225 are occupied, giving it a vacancy rate of 4 percent. Renters occupy 57 percent of the homes in Provo, which is consistent with the state average. Rental rates in Provo are almost 15 percent lower than the national average and average apartment rental rates hover around $500 per month for a one to two bedroom apartment. There are typically between 300 and 400 homes for sale at any given time, and a number of rent to own homes are available.
  • Largest Employers and IndustriesBrigham Young University employs over 4,000 people in Provo, and the connected missionary training center employs an equal number. NuSkin, a company that makes and markets personal care products and dietary supplements, employs about 3,700 people. The home security and energy conservation company, Vivint, employs 3,000. Other large employers are the Utah Valley Regional Medixal Center, Provo School District, Novell, Utah County, and the City of Provo. Additionally, there are five companies in Provo that are listed on the Inc. 5000 list of fastest-growing private businesses in the U.S. They include DieCuts With a View, VitalSmarts, and Connect Public Relations.
  • School Systems The Provo School District runs all of the public schools in the city, with a board comprised of seven members representing districts in the city. There are three high schools, two middle schools and thirteen elementary schools, as well as an e-school for residents. Freedom Academy is an independent school system that currently runs a K-8 program and is planning to add a high school to its northwest Provo campus. Walden School of Liberal Arts is a K-12 Montessori program that blends math, science, language arts, humanities and fine arts with its Montessori curriculum.
  • Neighborhoods Provo has five general areas divided into 34 smaller, distinct neighborhoods. The Neighborhood Program was designed under the City Council's direction to facilitate communication between local government and citizens. Each of the neighborhoods has a Neighborhood Officer assigned as part of the Community Oriented Policing Program (C.O.P.) to enhance communications. The five areas are described here: