Real Estate Appreciation for Provo Orem, Utah: + 97.29%
Appreciation for MSAs:.
Let's start by comparing Provo Orem, Utah to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 97.29% (+ 8.84% yearly) for the Provo Orem, Utah MSA.
The entire state of UT had + 96.11% appreciation (+ 8.74% yearly).
The Provo Orem, Utah MSA beat out the state. by + 1.23% appreciation.
Provo-Orem-UT
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1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
Lets look at Cedar Valley, Utah, a city located in Provo Orem, Utah MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Cedar Valley, Utah Refinance, or Cedar Valley, Utah Reverse Mortgages, you could estimate your home value.
If you knew your Cedar Valley, Utah home was worth $94,000.00 in 1992, you could multiply by + 97.29%, add the gain and see the home should be worth $185,448.21 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1992 to 2002:
+ 8.84%
Appreciation Comparisons
The top 5 performing MSAs from 1992 to 2002 were Boulder-CO, Denver-Aurora-CO, Fort-Collins-Loveland-CO, Greeley-CO, and Barnstable-Town-MA .
- Boulder-CO increased +149.08% from 1992 to the end of 2002
- Denver-Aurora-CO increased +134.30% from 1992 to the end of 2002
- Fort-Collins-Loveland-CO increased +128.61% from 1992 to the end of 2002
- Greeley-CO increased +124.75% from 1992 to the end of 2002
- Barnstable-Town-MA increased +111.34% from 1992 to the end of 2002
In contrast, the worst 5 MSAs from 1992 to 2002 were Honolulu-HI, Binghamton-NY, Utica-Rome-NY, Syracuse-NY, and Albany-Schenectady-Troy-NY .
- Honolulu-HI only increased + 2.20% between 1992 and 2002
- Binghamton-NY only increased + 8.44% between 1992 and 2002
- Utica-Rome-NY only increased + 11.97% between 1992 and 2002
- Syracuse-NY only increased + 14.42% between 1992 and 2002
- Albany-Schenectady-Troy-NY only increased + 15.15% between 1992 and 2002
Zip Code in MSA: 84013 - CEDAR VALLEY, UT
MSA Pop: 406851Zip Pop: 901
Avg Value: 163600
County: UTAH
Elev: 4512
Region: West
Lat: 40.24758
Long: -112.06206