Real Estate Appreciation for Provo Orem, Utah: + 30.79%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Provo Orem, Utah MSA appreciation it was + 30.79% (+ 10.26% yearly) from 1994 to 1996.
During the same time period, UT had + 32.02% (+ 10.67% yearly).
From 1994 to 1996, Utah outperformed the individual Provo Orem, Utah MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Provo-Orem-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 92.93 | + 4.71% | + 18.84% |
| 1994 | 3 | 95.27 | + 2.52% | + 10.07% |
| 1994 | 4 | 97.51 | + 2.35% | + 9.40% |
| 1995 | 1 | 100 | + 2.55% | + 10.21% |
| 1995 | 2 | 103.43 | + 3.43% | + 13.72% |
| 1995 | 3 | 107.22 | + 3.66% | + 14.66% |
| 1995 | 4 | 109.89 | + 2.49% | + 9.96% |
| 1996 | 1 | 112.6 | + 2.47% | + 9.86% |
| 1996 | 2 | 112.45 | - 0.13% | - 0.53% |
| 1996 | 3 | 114.16 | + 1.52% | + 6.08% |
| 1996 | 4 | 116.08 | + 1.68% | + 6.73% |
There are a lot of ways to use the appreciation data for Provo Orem, Utah .
Lets look at American Fork, Utah, a city located in Provo Orem, Utah MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in American Fork, Utah check out Spec-Loan.com
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 $90,000.00 in 1994, you could multiply by + 30.79%, add the gain and see the home should be worth $117,714.93 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1994 to 1996:
+ 10.26%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, and Pueblo-CO .
- Salt-Lake-City-UT increased + 33.67% from 1994 to the end of 1996
- Ogden-Clearfield-UT increased + 32.69% from 1994 to the end of 1996
- Provo-Orem-UT increased + 30.79% from 1994 to the end of 1996
- Logan-UT-ID increased + 29.11% from 1994 to the end of 1996
- Pueblo-CO increased + 27.92% from 1994 to the end of 1996
In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .
- Binghamton-NY decreased by - 13.28% between 1994 and 1996
- Kingston-NY decreased by - 11.87% between 1994 and 1996
- Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
- Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
- Honolulu-HI decreased by - 9.66% between 1994 and 1996
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