Located 44 miles south of Salt Lake City, Utah County is the second largest county in the state of Utah with a population of over 620,000 residents; and a population density of 234 people per square mile. In the Utah County valley, the elevation ranges between 4,480 - 4,700 feet above sea level, with Mt. Nebo as its highest point at 11,928 ft. The average winter temperatures in Utah County range from 14 to 37 degrees, while its average summertime temperatures range from 54 to 92 degrees.
The number of people looking for homes for sale in Utah County, UT is increasing steadily with each year. Because the area is bringing high paying jobs to the Utah economy, the Utah County, UT housing market is likely to remain strong and stable.
Utah County leaders are anticipating an influx of 1 million new residents over the next decade. And because Utah County, UT has developable land available, home builders in Utah County, UT are busy building new homes for the influx of Utah County, UT homeowners and move-ins.
Although the homes for sale in Utah County, UT are experiencing both a shortage and an increase in value, the demand for houses for sale in Utah County, UT has remained stable.
The current housing shortage in Utah County, UT is likely due to the quality of life that has become one of the greatest selling points for its residents. It's no wonder Utah County home prices ranked the second highest along the Wasatch Front.
Across the five counties making up the Wasatch Front region, Utah County is the second most active market, capturing 22% of all single-family home sales. And the city of Utah County, UT is experiencing similar growth as well.
Home Builders in Utah County
For information about Home Builders in Utah County, please call Brett Sampson of KW Westfield Keller Williams Real Estate directly at (435) 862-8993. Brett can help you understand which options will best suit your needs and your budget. Currently, the following builders are building in the area:
Ivory Homes in Utah County
Salisbury Homes in Utah County
Edge Homes in Utah County
Fieldstone Homes in Utah County
Silicon Slopes is Beginning to Look Like the Real Deal
Utah County has acquired the nickname of "Silicon Slopes," thanks to a sturdy "high-tech" sector and broad-based job and wage increase. Silicon Slopes is beginning to look like the real deal, and this will likely bring high paying jobs to the Utah economy. When considering the 1) healthy population growth, 2) a steady job market, and 3) homes that remain affordable, this makes the Utah County, UT area very attractive and the long-term outlook very good.
All of the employment possibilities in our state are proving to be incentives for out-of-state "transplants" or newly graduated college students to make Utah their new residence. Utah's increase in demand for real estate housing is showing to be a significant factor for the sustained increase in property values. Utah's unemployment rate registered at 3 percent — the lowest rate in Utah since early 2008 just before the Great Recession.
Utah Anticipating an Influx of 1 Million New Residents
Anticipating an influx of 1 million new residents, and their obvious need for housing, education, employment, transport and recreation, Utah County officers began a "visioning and planning" effort this week; in anticipation of staying ahead of that curve and sustaining the quality of life that has become one of Utah's greatest selling points.
According to Utah Economist, Natalie Gochnour, "It really comes down to proximity and land availability...Right now, there are about 230,000 acres of developable land in Utah County while Salt Lake County is down to 30,000 to 40,000 acres. When businesses and residents locate to Utah County, they get the less expensive housing and commercial real estate."
Utah County, UT Will Continue To See Exceptional Growth
Utah County, UT will continue to see exceptional growth with commercial real estate as well. There has been a surge of large, tech companies moving into the state of Utah. These companies are drawn to Utah County because of the skilled and educated workforce willing to work for a competitive wage. As first-time buyers struggled to qualify for escalating home values, many turned to town-homes and condominiums. Recently, condominium sales have increased to an alarming degree. Utah County saw its condo sales rise 15%.
Utah County Home Prices Ranked Second Highest
As an obvious desirable place to live, Utah County home prices ranked the second highest along the Wasatch Front at a median price of $287,000. Also, Utah County is the second most active market, capturing 22% of all single-family home sales across the five counties making up the Wasatch Front region. Experts are forecasting Utah to be one of the top 5 states in terms of growth of market and value of property. In fact, the Orem/Provo area was ranked as the best preforming city in the county according to the Milken Institute.
Quick Facts About Utah County
- Utah County is located 44 miles south of Salt Lake City, Utah.
- The county seat is the city of Provo.
- The name "Utah" comes from the Native American "Ute" tribe and means 'people of the mountains'.
- In terms of population, Utah County is the second largest county in the state of Utah, with 622,213* residents.
- Population density of 234.1 people per square mile.
- The elevation in the valley ranges between 4,480 - 4,700 feet above sea level.
- The highest point is Mt. Nebo at 11,928 ft.
- The lowest point is at the Jordan River Flood Plain at 4,480 ft.
- The county is 2,142 square miles, 2.45% of the State of Utah and 16th largest in area in the state.
- The average winter temperatures are a maximum of 37 degrees and a minimum of 14 degrees.
- The average summertime temperatures are a maximum of 92 degrees and a minimum of 54 degrees.