Real Estate Appreciation for Provo Orem, Utah: + 29.68%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Provo Orem, Utah did compared to the state as a whole.
The Provo Orem, Utah MSA property value change was + 29.68% (+ 14.84% yearly).
All of the property in UT averaged + 26.13% change in value (+ 13.07% yearly).
Provo-Orem-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $111,000.00 in 2005, you could multiply by + 29.68%, add the gain and see the home should be worth $143,946.59 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Provo-Orem-UT from 2005 to 2006:
+ 14.84%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2005 to 2006 were Saginaw-Saginaw-Township-North-MI, Flint-MI, Kokomo-IN, Muncie-IN, and Ann-Arbor-MI .
- Saginaw-Saginaw-Township-North-MI decreased by - 3.27% between 2005 and 2006
- Flint-MI decreased by - 1.05% between 2005 and 2006
- Kokomo-IN decreased by - 1.00% between 2005 and 2006
- Muncie-IN only increased + 0.20% between 2005 and 2006
- Ann-Arbor-MI only increased + 0.22% between 2005 and 2006
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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