Tucked away along the Wasatch Front, Provo, Utah boasts a booming economy driven by innovation and technology. Home to major employers like APX Group and Vivint Smart Home, along with educational powerhouses Brigham Young University (BYU) and Utah Valley University (UVU), the city attracts both residents and visitors.
Renowned for its excellent public schools, residents of Provo also enjoy many parks and recreational facilities. Some of the most desirable neighborhoods for investment include Traverse Mountain, known for its stunning views and family-friendly amenities, and Sherwood Hills, with its established neighborhoods and proximity to BYU.
The presence of BYU and UVU significantly impacts Provo's housing market. With a large student population, demand for rental properties remains high throughout the year. This student-driven market creates a stable environment for investors specializing in apartments, condos, or single-family homes near the universities. Provo actively invests in infrastructure improvements and development projects, ensuring continued growth for the foreseeable future. Investors who are looking for a market primed for sustained success will find great opportunities in this scenic Western city.