Appreciation for MSAs:.

Let's start by comparing Provo Orem, Utah to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 2.06% (+ 1.03% yearly) for the Provo Orem, Utah MSA.

The entire state of UT had + 2.82% appreciation (+ 1.41% yearly). The state average for Utah was higher than the real estate appreciation in the Provo Orem, Utah MSA. This means the conditions in the MSA for real estate investment were worse by + 36.95%.

Provo-Orem-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $105,000.00 in 2002, you could multiply by + 2.06%, add the gain and see the home should be worth $107,160.97 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2002 to 2003:
+ 1.03%

Appreciation Comparisons

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

The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .

  1. Fresno-CA increased + 36.89% from 2002 to the end of 2003
  2. Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
  3. Chico-CA increased + 35.05% from 2002 to the end of 2003
  4. Madera-CA increased + 34.32% from 2002 to the end of 2003
  5. Redding-CA increased + 34.01% from 2002 to the end of 2003

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