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The City's Demographics Help Orem, Utah Real Estate Thrive

Sep 1, 2008
There is a reason why Orem, Utah maintains strong property values and growth. The real estate in the city is hot because the city has a lot to offer. There are many things in Orem Utah that help real estate thrive. Because of that, people are purchasing homes and investment properties in order to take advantage of the growth the city has.

Because of this, the population continues to grow at a steady rate. People from all over are flocking to the city and purchasing real estate at a rapid rate.

Cost of Living

The cost of living is below the national average in Orem. People are able to afford nicer homes because of this. They are able to spend more money on real estate and get something they will be able to enjoy for their entire lives because they are paying less on life in general.

Low Unemployment

While the word recession has made it into more than one presidential debate, that word has managed to bypass Orem, Utah. With the low unemployment rate and signs that the economy will continue to grow, many people are snatching up real estate in our area. There are few places in the country that can offer as many possibilities.

The growing prospects offers has led to many young people moving to our city and purchasing real estate. The city offers real opportunities and people have decided to start their lives there. It is the hope of many of the residents to live out the duration of their lives here.

Median Household Income

Residents of Orem also make more money than the national average. They are able to afford the kinds of homes they want, along with the quality of living they enjoy, thanks to the city's high income average.

Low Turnover

Real estate here is thriving. With new people moving to the city every year, and low housing turnover, the city has proven that it is a prime place to own real estate. New home buyers can look at the trends that the city has offered when it comes to housing. Most people that move to Orem stay in their homes. There is a lot of satisfaction in regards to the real estate here.

Orem, Utah manages to go against the trends of the country. It has a stronger economy and a higher retention rate than most places in the country. With its high median income and low cost of living, our city is able to hang onto the residents it has and recruit new ones along the way that fall in love with the city as well.
About the Author
Art Gib is a freelance writer for PayneSmootGroup.com (http://www.paynesmootgroup.com), a website featuring Orem Real Estate .
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