Provo, UT Rental Market Analysis
Updated March 2026 — Investment metrics, cap rates, rent data, and neighborhood analysis for rental property investors in Provo, Utah.
Provo Rental Market Overview
Provo/Orem benefits from BYU, a booming tech sector (Silicon Slopes South), and Utah's fastest-growing county.
With a median home price of $425,000 and average monthly rents around $1,700, Provo offers investors a rent-to-price ratio of 0.40%. At current market conditions, a typical rental property in Provo generates an estimated cap rate of 4.8% and a cash-on-cash return of approximately 4.5% with 25% down financing at 6.5%.
Major Employers in Provo
Rental demand in Provo is supported by major employers including BYU, Vivint, Qualtrics, Adobe, Intermountain Health. These institutions provide the job base that drives consistent tenant demand for rental housing in Utah County.
Provo ZIP Codes for Investors
Key ZIP codes in the Provo metro area: 84601,84604,84606. Each neighborhood carries different risk/return profiles — use becvio's property analysis tools to evaluate specific deals.
Analyze a Provo Rental Property
Why Invest in Provo, UT Rental Properties?
Provo stands out for rental property investors because of its competitive cap rates averaging 4.8%, combined with robust annual appreciation of 4.5%. The $425,000 median home price makes Provo accessible for investors at various capital levels, while $1,700/month rents provide meaningful cash flow.
With a gross rent multiplier of 20.8x and estimated DSCR of 0.20 on conventional financing, Provo rental properties may require careful underwriting to ensure positive cash flow. Investors using becvio can track these metrics in real-time across their entire portfolio.