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 + 2.30% (+ 1.15% yearly) for the period between 2001 and the end of 2002.

The state had + 2.98% total appreciation (+ 1.49% yearly). The state average for Utah was higher than the real estate appreciation in the Provo Orem, Utah MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 29.92% faster than this MSA.

Provo-Orem-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


There are a lot of ways to use the appreciation data for Provo Orem, Utah .

Lets look at American Fork, Utah, a city located in Provo Orem, Utah MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in American Fork, 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 $103,000.00 in 2001, you could multiply by + 2.30%, add the gain and see the home should be worth $105,365.54 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2001 to 2002:
+ 1.15%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2001 to 2002 were Jacksonville-NC, Provo-Orem-UT, Ogden-Clearfield-UT, Lewiston-ID-WA, and Columbus-IN .

  1. Jacksonville-NC only increased + 1.98% between 2001 and 2002
  2. Provo-Orem-UT only increased + 2.30% between 2001 and 2002
  3. Ogden-Clearfield-UT only increased + 2.59% between 2001 and 2002
  4. Lewiston-ID-WA only increased + 2.59% between 2001 and 2002
  5. Columbus-IN only increased + 2.60% between 2001 and 2002

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