If you own a home in Utah County, one national publication says it is a good investment.
Last week, Forbes released their 2018 list of the best places to invest in housing, and the Provo-Orem metro area – which includes much of Utah County – came in second.
“These cities offer a rare combination of better than average job growth and some runway before homes become overpriced - - both things anyone looking to make a smart real estate investment should be after,” Forbes writer Samantha Sharf wrote.
The study analyzed markets on five measures; one-year job growth, three-year population growth, one-year home price growth, affordability and Local Market Monitor’s own three-year home price forecast.
The article forecasts the next three years’ housing price growth of 31 percent.
The area has a three-year population growth of 7.2 percent and a two-year job growth of 6.7 percent.
The article calls the area “the sweet spot for local affordability.”