Real Estate Appreciation for Provo Orem, Utah: + 7.67%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
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 + 7.67% (+ 2.56% yearly) from 2000 to 2002.
During the same time period, UT had + 8.04% (+ 2.68% yearly).
From 2000 to 2002, 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 |
| 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 $102,000.00 in 2000, you could multiply by + 7.67%, add the gain and see the home should be worth $109,826.58 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2000 to 2002:
+ 2.56%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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