Pleasant Grove Property Management

Investing Insights

Before diving into the pros and cons of investing in Pleasant Grove, let’s take a quick look at an overview of the city’s demographics. In 2019, the U.S. Census reported that Pleasant Grove had a population of just over 38,000 people. Pleasant Grove had a similar median household income to that of nearby cities, like American Fork, of $72K. However, the census did report that Pleasant Grove has a higher poverty rate, sitting at 10%. 

Pros of Investing in Pleasant Grove

Pleasant Grove is a family-friendly city where many young families are concentrated; over half the population comprises families with children under 18, and over one-third of the population is kids under 14! Of course, to support these families means work. Pleasant Grove has steady employment and ever-growing opportunities inside and outside the city, especially with Provo, Utah, not being that far away. 

Cons of Investing in Pleasant Grove

 With one third of the population comprising of families with children under 18 Pleasant Grove is a family-centered city, in everything from its demographics to its activities. Due to this nightlife activities are not as easily found in this area. Your investment property may create more interest in families. For young renters this may not be the ideal location but nevertheless Pleasant Grove still provides, an excellent investment opportunity and we are confident that there will be no shortage of interest for a property in this area. 

Investor Snapshot

Pleasant Grove Home Prices:

In April of 2021, the statistics for Pleasant Grove’s buying market are as follows:

Price Range: $117.9K – $4M

Median List Price: $375K

Trending: Pleasant Grove has seen a 15.4% year-over-year increase. According to Zillow, Pleasant Grove’s median listing price has increased from $267K in 2016 to what we see today. 

Pleasant Grove Rent Rates:

In April of 2021, the statistics for Pleasant Grove’s renting market are as follows:

Price Range: $500-$3,500

Average Rent: $1,230

Trending: Pleasant Grove has seen a 6% increase in rental rates since last year. 

Utah Property Solutions – Property Management In Pleasant Grove

Are you thinking of investing in Pleasant Grove, or you already have a property that you would like to rent? We want to help you achieve a successful passive income! Give us a call today for a free rental analysis. In addition, we understand that life doesn’t always go according to plan, which is why we offer a no-obligation management service. We provide a month-by-month management agreement that owners can cancel at any time with a 30-day notice. Do you want to learn more? Check out our vlog for more information!