Pleasant Grove, Utah Housing Market Prices
Pleasant Grove Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 50% above the Utah median$746,464
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Median rent 13% above the Utah median$1,692
Housing Market Overview
| Metric | Pleasant Grove | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $746,464 | $498,552 | $248,835 |
| Price Trend (Annual %) | 17.7% | 11.3% | 7.5% |
| Median Gross Rent | $1,692 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pleasant Grove is about 50% higher than in Utah. Rent is about 13% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pleasant Grove, up about 17.7% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Pleasant Grove rose about 62.7% between 2015 and 2024, from $1,040 to $1,692. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Pleasant Grove.
Buying the median-priced home in Pleasant Grove costs roughly 36.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pleasant Grove. The price-to-rent ratio in Utah is about 27.8.
| Metric | Pleasant Grove | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $746,464 | $498,552 | $248,835 |
| Median Household Income | $98,969 | $95,466 | $80,455 |
| Price-to-Income Ratio | 7.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pleasant Grove rose about 500.2%, while median household income rose about 46.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pleasant Grove | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 64.6% | 58.5% |
| Rental Rate | 35.1% | 27.3% | 31.2% |
| Vacancy Rate | 4.2% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Pleasant Grove has a homeownership rate of 60.6%, lower than the Utah average of 64.6%. Its housing vacancy rate is 4.2%, compared with 8.1% in Utah.
Housing Stock
| Metric | Pleasant Grove | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.28 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1995 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 6.4 | 5.5 |
The typical housing unit in Pleasant Grove was built around 1995. On average, 3.3 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pleasant Grove, Utah.
What is the median home price in Pleasant Grove, Utah?
The median home price in Pleasant Grove, Utah is $746,464, higher than the Utah average of $498,552.
What is the average home price in Pleasant Grove, Utah?
The typical home price in Pleasant Grove, Utah, reported as the median sale price, is $746,464. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Pleasant Grove, Utah?
The median gross rent in Pleasant Grove, Utah is $1,692 per month, higher than the Utah average of $1,495.
What was the median gross rent in Pleasant Grove in 2020?
In 2020, the median gross rent in Pleasant Grove, Utah was $1,231 per month.
What is the price-to-rent ratio in Pleasant Grove, Utah?
The price-to-rent ratio in Pleasant Grove, Utah is about 36.8, meaning it would take roughly 36.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pleasant Grove.
Are home prices or rent rising faster in Pleasant Grove, Utah?
Both home prices and rent are rising in Pleasant Grove, up about 17.7% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pleasant Grove, Utah?
60.6% of households in Pleasant Grove, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Pleasant Grove, Utah?
The housing vacancy rate in Pleasant Grove, Utah is 4.2%, lower than the Utah average of 8.1%.
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