Orem city: Homeownership Rate Trend
How Orem city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
58.9%
2023
58.2%
Total change
-0.7 pp
% change
-1.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 58.9% | — |
| 2019 | 60.0% | +1.1 pp (1.9%) |
| 2020 | 59.3% | -0.7 pp (-1.2%) |
| 2021 | 60.5% | +1.2 pp (2%) |
| 2022 | 59.9% | -0.6 pp (-1%) |
| 2023 | 58.2% | -1.7 pp (-2.8%) |