Real Estate Appreciation for Provo Orem, Utah: + 11.77%
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 + 11.77% (+ 2.94% yearly).
All of the property in UT averaged + 10.82% change in value (+ 2.70% yearly).
Provo-Orem-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 128.24 | + 0.63% | + 2.51% |
| 2000 | 2 | 127.83 | - 0.32% | - 1.28% |
| 2000 | 3 | 130.15 | + 1.81% | + 7.26% |
| 2000 | 4 | 131.86 | + 1.31% | + 5.26% |
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 $97,000.00 in 1997, you could multiply by + 11.77%, add the gain and see the home should be worth $108,420.95 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1997 to 2000:
+ 2.94%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
In contrast, the worst 5 MSAs from 1997 to 2000 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Lewiston-ID-WA, and Midland-TX .
- Honolulu-HI decreased by - 1.70% between 1997 and 2000
- Williamsport-PA only increased + 2.60% between 1997 and 2000
- Buffalo-Niagara-Falls-NY only increased + 3.06% between 1997 and 2000
- Lewiston-ID-WA only increased + 3.08% between 1997 and 2000
- Midland-TX only increased + 3.25% between 1997 and 2000
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