Appreciation for MSAs:.

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 + 35.26% (+ 11.75% yearly) from 2004 to 2006.

During the same time period, UT had + 34.30% (+ 11.43% yearly). You can see that the Provo Orem, Utah MSA experienced higher appreciation in this case.

Provo-Orem-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2006 1 162.97 + 3.64% + 14.55%
2006 2 171.27 + 5.09% + 20.37%
2006 3 181 + 5.68% + 22.72%
2006 4 189.4 + 4.64% + 18.56%


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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 $110,000.00 in 2004, you could multiply by + 35.26%, add the gain and see the home should be worth $148,782.40 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2004 to 2006:
+ 11.75%

Appreciation Comparisons

The worst 5 MSAs from 2004 to 2006 were Saginaw-Saginaw-Township-North-MI, Kokomo-IN, Anderson-IN, Muncie-IN, and Lafayette-IN .

  1. Saginaw-Saginaw-Township-North-MI only increased + 0.82% between 2004 and 2006
  2. Kokomo-IN only increased + 0.99% between 2004 and 2006
  3. Anderson-IN only increased + 2.08% between 2004 and 2006
  4. Muncie-IN only increased + 2.23% between 2004 and 2006
  5. Lafayette-IN only increased + 2.44% between 2004 and 2006

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

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