Housing: are wages rising as fast as housing costs? 07

New housing is pictured Tuesday, August 29, 2017 in Vineyard. 

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.

According to the article, the average home price in the area is $266,169. They also said that the area has a one-year home price growth of 10 percent and the forecast for the next three years is a 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.”

The Provo-Orem was one of eight new cities to make the 20-city list this year.

Only Orlando Florida came in ahead of Provo-Orem. The only other Utah area to make the list was Ogden-Clearfield.

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