Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Provo Orem, Utah MSA appreciated + 2.59% (+ 1.30% yearly) for the period between 1999 and the end of 2000.

The state had + 1.51% total appreciation (+ 0.76% yearly). The Provo Orem, Utah MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Provo-Orem-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Lets look at American Fork, 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 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 $99,000.00 in 1999, you could multiply by + 2.59%, add the gain and see the home should be worth $101,564.93 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1999 to 2000:
+ 1.30%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1999 to 2000 were Midland-TX, Coeur-d'Alene-ID, Wenatchee-WA, Lewiston-ID-WA, and Lawton-OK .

  1. Midland-TX decreased by - 2.50% between 1999 and 2000
  2. Coeur-d'Alene-ID decreased by - 2.19% between 1999 and 2000
  3. Wenatchee-WA decreased by - 1.05% between 1999 and 2000
  4. Lewiston-ID-WA decreased by - 0.85% between 1999 and 2000
  5. Lawton-OK decreased by - 0.79% between 1999 and 2000

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

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