Orem city: Median Gross Rent Trend
How Orem city's median gross rent 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
$947
2023
$1,405
Total change
+$458
% change
+48.4%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $947 | — |
| 2019 | $1,034 | +$87 (9.2%) |
| 2020 | $1,057 | +$23 (2.2%) |
| 2021 | $1,144 | +$87 (8.2%) |
| 2022 | $1,290 | +$146 (12.8%) |
| 2023 | $1,405 | +$115 (8.9%) |