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Investment Properties for Sale in Provo, Utah
Provo's rental market is shaped by BYU, with 37,205 daytime students in fall 2025, and Utah Valley University next door in Orem. There are 74 Provo listings marketed to investors right now, with a median asking price of $480,000. Over the last 12 months, 220 sold at a median of $448,000.
Know the rules before you buy. Provo requires a rental dwelling license whenever anyone but the owner lives in a unit, most single-family properties allow one family or three unrelated people, and short-term rentals aren't permitted in residential zones. See Provo multi-family homes and condos, and read pros and cons of living in Provo.
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Utah MLS data · updated Nov 4, 2026
Provo investment properties by the numbers
Today's listings plus closed sales recorded in the MLS, each home counted once. Medians, not averages, so one outlier can't skew them.
- For sale now
- 74
- median ask $480,000
- Median sale, last 12 mo
- $448,000
- 220 sold · +1.7% vs prior year
- Price per sq ft
- $254
- median of closed sales · typical 1,575 sq ft
- HOA dues
- $220/mo
- median · 41% of listings have dues
Over the last 12 months, 220 investment properties sold in Provo, taking a median of 21 days to go under contract and closing at 99.4% of the final list price.
What's for sale
Today's 74 listings by type.
- Multi-family 24 (32%)
- Condos 23 (31%)
- Single-family homes 17 (23%)
- Townhomes 7 (9%)
- Lots & land 2 (3%)
- Other 1 (1%)
By budget
How today's asking prices spread out.
- Under $400K 29
- $400K–$600K 20
- $600K–$800K 10
- $800K–$1.2M 11
- $1.2M and up 4
Investment properties by neighborhood
Closed sales over the last 24 months, plus what's listed today. Click a name for that neighborhood's page.
-
- Sold (24 mo)
- 8
- Median sale
- $310,000
- Typical size
- 840 sq ft
- Built
- 2004
- HOA / mo
- $265
- For sale now
- 3 · $315,000
-
- Sold (24 mo)
- 8
- Median sale
- $188,000
- Typical size
- 976 sq ft
- Built
- 1970
- HOA / mo
- $550
- For sale now
- 0
-
- Sold (24 mo)
- 8
- Median sale
- $388,000
- Typical size
- 2,091 sq ft
- Built
- 2013
- HOA / mo
- $335
- For sale now
- 0
-
- Sold (24 mo)
- 7
- Median sale
- $270,000
- Typical size
- 1,122 sq ft
- Built
- 1980
- HOA / mo
- $239
- For sale now
- 0
-
- Sold (24 mo)
- 6
- Median sale
- $519,000
- Typical size
- 1,748 sq ft
- Built
- 1943
- HOA / mo
- —
- For sale now
- 1 · $675,000
-
- Sold (24 mo)
- 5
- Median sale
- $470,000
- Typical size
- 1,600 sq ft
- Built
- 1944
- HOA / mo
- —
- For sale now
- 2 · $397,000–$524,900
-
- Sold (24 mo)
- 5
- Median sale
- $385,000
- Typical size
- 1,224 sq ft
- Built
- 1999
- HOA / mo
- $200
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,140 sq ft
- Built
- 2004
- HOA / mo
- $250
- For sale now
- 1 · $350,000
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,164 sq ft
- Built
- 1997
- HOA / mo
- $230
- For sale now
- 1 · $355,000
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 915 sq ft
- Built
- 1978
- HOA / mo
- $200
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,842 sq ft
- Built
- 1949
- HOA / mo
- —
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 3,360 sq ft
- Built
- 1983
- HOA / mo
- —
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,482 sq ft
- Built
- 1943
- HOA / mo
- —
- For sale now
- 0
-
- Sold (24 mo)
- 3
- Median sale
- —
- Typical size
- 1,800 sq ft
- Built
- 1970
- HOA / mo
- —
- For sale now
- 1 · $405,000
-
- Sold (24 mo)
- 3
- Median sale
- —
- Typical size
- 1,990 sq ft
- Built
- 1994
- HOA / mo
- —
- For sale now
- 0
Median sale is shown only where at least 5 homes sold. HOA dues are the median monthly fee (yearly dues divided by 12) and can change, so confirm the amount and what it covers with the association. "Built" is the median year built.
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Common questions
About investment properties in Provo.
Do I need a rental license in Provo? ▾
Yes. Provo requires a rental dwelling license whenever anyone other than the owner lives in a unit, even relatives or people paying no rent.
How many unrelated people can live in a Provo rental? ▾
Most single-family properties allow one family or three unrelated individuals, under Provo's definition of family (Code 14.06.020). Some zones near BYU allow more; check the property's zone.
How much are investment properties in Provo? ▾
Today's median asking price for listings marketed to investors is $480,000. They sold at a median of $448,000 over the last 12 months.
How are rentals taxed in Utah? ▾
A long-term rental that is a tenant's primary home keeps Utah's 45% residential exemption. A second home or short-term rental is taxed on its full value.