Real Estate Appreciation for Provo Orem, Utah: + 8.27%
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 + 8.27% (+ 2.07% yearly) from 2000 to 2003.
During the same time period, UT had + 9.29% (+ 2.32% yearly).
From 2000 to 2003, 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% |
| 2003 | 1 | 138.46 | + 0.28% | + 1.10% |
| 2003 | 2 | 139.08 | + 0.45% | + 1.79% |
| 2003 | 3 | 139.16 | + 0.06% | + 0.23% |
| 2003 | 4 | 138.85 | - 0.22% | - 0.89% |
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 $103,000.00 in 2000, you could multiply by + 8.27%, add the gain and see the home should be worth $111,521.76 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2000 to 2003:
+ 2.07%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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