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Sarah Mitchell
Compass Real Estate · ZIP 84057
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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84057 ZIP Code Housing Market
$500,000median sale price
What is the 84057 housing market like right now?
The median home sale price in ZIP code 84057 is $500,000, up 6.4% year-over-year. Homes sell in an average of 36 days with 81 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 84057 ZIP code a buyer's or seller's market?
ZIP code 84057 is currently a balanced market and homes selling in about 36 days. How we determine this →
What are the latest 84057 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $500,000 |
| Median list price | $519,450 |
| Year-over-year price change | +6.4% |
| Average days on market | 36 days |
| Active inventory | 81 listings |
| Sale-to-list price ratio | 98.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 84057 zip code, located in Orem, UT, is currently classified as a balanced market. The median sale price stands at $500,000, representing a +6.4% change year over year. Homes in this area spend an average of 36 days on the market before going under contract. There are currently 81 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 84057 sits in the Orem, UT area, roughly 1.2 miles from downtown Orem. Because home prices are set street by street, this ZIP can move differently from Orem's citywide averages. The figures below reflect 84057 specifically — drawn from Redfin transactions, U.S. Census data for its 36,881 residents, and Zillow value estimates.
Homes sold
61
Last 12 weeks
Days on market
36
Average pace
Active listings
81
Sale-to-list
98.7%
Below asking
What is driving the 84057 housing market?
The 84057 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 84057 have increased +6.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 84057 stands at $479,466, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,478 per month. This gives a price-to-rent ratio of approximately 27.0, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 84057?
Population
36,881
Median income
$82,780/yr
Median age
28.4 years
Owner-occupied
63.0%
College grads
39.9%
Avg commute
27.86 min
What is it like living in 84057?
Zip code 84057 is home to approximately 36,881 residents. The median household income is $82,780 per year, which shapes the types of homes and amenities available in the area. With a median age of 28.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 63.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 39.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 27.86 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 84057.
Which public schools serve ZIP 84057?
9 schools tracked · 6,929 students
The largest public schools serving ZIP code 84057 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mountain View High
Grades 10-12 · 1,541 students
Timpanogos High
Grades 10-12 · 1,455 students
Orem Jr High
Grades 7-9 · 892 students
Parkside Elementary
Grades PK-6 · 613 students
Windsor School
Grades PK-6 · 575 students
Bonneville School
Grades PK-6 · 560 students
Lumen Scholar Institute
Grades K-12 · 475 students
Aspen School
Grades PK-6 · 419 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 84057
What is the median home price in 84057?
The current median sale price in 84057 is $500,000, based on recent Redfin transaction data. Prices have changed +6.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 84057 a buyer's or seller's market?
The 84057 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 84057?
Zip code 84057 has a population of approximately 36,881 residents. The median household income is $82,780 per year. About 63.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 84057?
Properties Incorporated provides comprehensive data for 84057 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 84057 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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