84097, Orem, UT

The 84097 zip code of Orem, UT has a median home value of $209,900 and a median home equity value of $135,000. These values are higher than the national median home value of $181,500 and the national median home equity value of $130,000. The 84097 zip code is also higher than the Utah median home value of $186,200 and the Utah median home equity value of $119,700.

There are a number of factors that may contribute to the high values in the 84097 zip code. First, Orem is located in one of Utah's most affluent counties (Cache) which may contribute to its high home values. Second, Orem is an affluent suburb of Salt Lake City which may also contribute to its high values. Third, Orem has a low rate of foreclosure activity which may lead to higher values due to increased demand for housing in this area. Fourth, Orem's population growth has been strong over the past few years which may lead to increased demand for housing in this area as well. Fifth, Orem's economy is strong and stable which may lead to increased demand for housing in this area as well. Sixth, there are relatively few homes available for sale in the 84097 zip code compared to other areas within Utah or nationwide which may lead to increased demand for housing in this area as well.