Real Estate Appreciation for Provo Orem, Utah: + 5.85%
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 + 5.85% (+ 1.95% yearly) for the Provo Orem, Utah MSA.
The entire state of UT had + 8.24% appreciation (+ 2.75% 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 + 40.81%.
Provo-Orem-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 140.03 | + 0.85% | + 3.40% |
| 2004 | 2 | 140.62 | + 0.42% | + 1.69% |
| 2004 | 3 | 141.67 | + 0.75% | + 2.99% |
| 2004 | 4 | 144.01 | + 1.65% | + 6.61% |
Some of the ways peope use our appreciation data for Provo Orem, Utah include real estate investment .
Lets look at American Fork, Utah, a city located in Provo Orem, Utah MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $106,000.00 in 2002, you could multiply by + 5.85%, add the gain and see the home should be worth $112,201.84 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2002 to 2004:
+ 1.95%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2004 were Riverside-San-Bernardino-Ontario-CA, Fresno-CA, Madera-CA, Yuba-City-CA, and Bakersfield-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 73.90% from 2002 to the end of 2004
- Fresno-CA increased + 73.13% from 2002 to the end of 2004
- Madera-CA increased + 71.44% from 2002 to the end of 2004
- Yuba-City-CA increased + 68.71% from 2002 to the end of 2004
- Bakersfield-CA increased + 67.56% from 2002 to the end of 2004
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