Provo, Utah, is currently recognized for having one of the youngest real estate markets in the United States, and several factors contribute to this distinctive status. The city is home to a vibrant community, bolstered by the presence of Brigham Young University (BYU), which attracts a significant number of students and young professionals. This influx creates a constant demand for rental housing and homeownership among individuals in their twenties and thirties. Additionally, the recent tech boom in the region has led to a surge in job opportunities, drawing in a youthful workforce eager to settle in an area known for its quality of life. With affordable housing options and a wealth of outdoor recreational activities, Provo appeals to younger generations looking for both a robust lifestyle and reasonable living costs. Moreover, local government initiatives aimed at urban development and sustainability have attracted new residents and fueled growth in the market. As a result, Provo stands out as a beacon for young homebuyers and renters alike, reflecting a dynamic and evolving housing landscape. This combination of educational influence, economic opportunities, and community-oriented growth makes the Provo real estate market uniquely youthful and immensely appealing.

Full Story: National Association of REALTORS®/Economists' Outlook (2/2)