Real Estate Appreciation for Provo Orem, Utah: + 7.43%
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 + 7.43% (+ 1.86% yearly) for the period between 1999 and the end of 2002.
The state had + 7.00% total appreciation (+ 1.75% 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2001 | 1 | 134.98 | + 2.37% | + 9.46% |
| 2001 | 2 | 135.15 | + 0.13% | + 0.50% |
| 2001 | 3 | 135.04 | - 0.08% | - 0.33% |
| 2001 | 4 | 136.88 | + 1.36% | + 5.45% |
| 2002 | 1 | 136.05 | - 0.61% | - 2.43% |
| 2002 | 2 | 135.95 | - 0.07% | - 0.29% |
| 2002 | 3 | 137.59 | + 1.21% | + 4.83% |
| 2002 | 4 | 138.08 | + 0.36% | + 1.42% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $101,000.00 in 1999, you could multiply by + 7.43%, add the gain and see the home should be worth $108,504.47 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 1999 to 2002:
+ 1.86%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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