Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Provo Orem, Utah did compared to the state as a whole.

The Provo Orem, Utah MSA property value change was + 8.03% (+ 2.68% yearly).

All of the property in UT averaged + 7.56% change in value (+ 2.52% yearly).

Provo-Orem-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 118.36 + 0.33% + 1.32%
1997 3 121.28 + 2.47% + 9.87%
1997 4 123.1 + 1.50% + 6.00%
1998 1 124.31 + 0.98% + 3.93%
1998 2 125.41 + 0.88% + 3.54%
1998 3 126.58 + 0.93% + 3.73%
1998 4 127.95 + 1.08% + 4.33%
1999 1 128.53 + 0.45% + 1.81%
1999 2 128.37 - 0.12% - 0.50%
1999 3 125.82 - 1.99% - 7.95%
1999 4 127.44 + 1.29% + 5.15%


Some of the ways peope use our appreciation data for Provo Orem, Utah include real estate investment .

Lets look at American Fork, Utah, a city located in Provo Orem, Utah MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $96,000.00 in 1997, you could multiply by + 8.03%, add the gain and see the home should be worth $103,706.37 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1997 to 1999:
+ 2.68%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .

  1. Honolulu-HI decreased by - 5.64% between 1997 and 1999
  2. Williamsport-PA decreased by - 0.53% between 1997 and 1999
  3. Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
  4. Ithaca-NY only increased + 0.26% between 1997 and 1999
  5. Reading-PA only increased + 1.79% between 1997 and 1999

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 84003 - AMERICAN FORK, UT

MSA Pop: 406851
Zip Pop: 30441
Avg Value: 164900
County: UTAH
Elev: 4512
Region: West
Lat: 40.41924
Long: -111.56526