Real Estate Appreciation for Provo Orem, Utah: + 28.10%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Provo Orem, Utah MSA appreciated + 28.10% (+ 14.05% yearly) between 1993 and the end of 1994.
The state of UT had + 28.18% total appreciation (+ 14.09% yearly).
The state average for Utah was higher than the real estate appreciation in the Provo Orem, Utah MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 0.30% faster than this MSA.
Provo-Orem-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 79 | + 3.78% | + 15.13% |
| 1993 | 3 | 82.11 | + 3.94% | + 15.75% |
| 1993 | 4 | 85.8 | + 4.49% | + 17.98% |
| 1994 | 1 | 88.75 | + 3.44% | + 13.75% |
| 1994 | 2 | 92.93 | + 4.71% | + 18.84% |
| 1994 | 3 | 95.27 | + 2.52% | + 10.07% |
| 1994 | 4 | 97.51 | + 2.35% | + 9.40% |
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If you were going to do a American Fork, Utah Refinance, or American Fork, Utah Reverse Mortgages, you could estimate your home value.
If you knew your American Fork, Utah home was worth $87,000.00 in 1993, you could multiply by + 28.10%, add the gain and see the home should be worth $111,447.32 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1993 to 1994:
+ 14.05%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 84003 - AMERICAN FORK, UT
MSA Pop: 406851Zip Pop: 30441
Avg Value: 164900
County: UTAH
Elev: 4512
Region: West
Lat: 40.41924
Long: -111.56526