Real Estate Appreciation for Provo Orem, Utah: + 13.57%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Provo Orem, Utah MSA appreciated + 13.57% (+ 4.52% yearly) between 2003 and the end of 2005.
The state of UT had + 20.85% total appreciation (+ 6.95% 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 than the state as a whole. The state appreaciated + 53.63% faster than this MSA.
Provo-Orem-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2005 | 1 | 146.05 | + 1.42% | + 5.67% |
| 2005 | 2 | 148.52 | + 1.69% | + 6.76% |
| 2005 | 3 | 152.88 | + 2.94% | + 11.74% |
| 2005 | 4 | 157.25 | + 2.86% | + 11.43% |
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 $108,000.00 in 2003, you could multiply by + 13.57%, add the gain and see the home should be worth $122,656.36 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2003 to 2005:
+ 4.52%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2005 were 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 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005
In contrast, the worst 5 MSAs from 2003 to 2005 were Burlington-NC, Lafayette-IN, Jonesboro-AR, Anderson-IN, and Rocky-Mount-NC .
- Burlington-NC only increased + 3.06% between 2003 and 2005
- Lafayette-IN only increased + 4.69% between 2003 and 2005
- Jonesboro-AR only increased + 5.04% between 2003 and 2005
- Anderson-IN only increased + 5.16% between 2003 and 2005
- Rocky-Mount-NC only increased + 5.82% between 2003 and 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