Real Estate Appreciation for Salt Lake City, Utah: + 52.71%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Salt Lake City, Utah MSA appreciated + 52.71% (+ 13.18% yearly) for the period between 1991 and the end of 1994.
The state had + 46.62% total appreciation (+ 11.65% yearly).
The Salt Lake City, Utah MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1991 | 2 | 66.26 | + 2.78% | + 11.11% |
| 1991 | 3 | 66.19 | - 0.11% | - 0.42% |
| 1991 | 4 | 67.84 | + 2.49% | + 9.97% |
| 1992 | 1 | 68.94 | + 1.62% | + 6.49% |
| 1992 | 2 | 70.35 | + 2.05% | + 8.18% |
| 1992 | 3 | 71.46 | + 1.58% | + 6.31% |
| 1992 | 4 | 73.55 | + 2.92% | + 11.70% |
| 1993 | 1 | 75.46 | + 2.60% | + 10.39% |
| 1993 | 2 | 77.57 | + 2.80% | + 11.18% |
| 1993 | 3 | 80.72 | + 4.06% | + 16.24% |
| 1993 | 4 | 84.02 | + 4.09% | + 16.35% |
| 1994 | 1 | 87.94 | + 4.67% | + 18.66% |
| 1994 | 2 | 92.98 | + 5.73% | + 22.92% |
| 1994 | 3 | 96.12 | + 3.38% | + 13.51% |
| 1994 | 4 | 98.45 | + 2.42% | + 9.70% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Bingham Canyon, Utah Refinance, or Bingham Canyon, Utah Reverse Mortgages, you could estimate your home value.
If you knew your Bingham Canyon, Utah home was worth $85,000.00 in 1991, you could multiply by + 52.71%, add the gain and see the home should be worth $129,800.68 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1991 to 1994:
+ 13.18%
Appreciation Comparisons
The top 5 performing MSAs from 1991 to 1994 were Corvallis-OR, Missoula-MT, Salt-Lake-City-UT, Boulder-CO, and Provo-Orem-UT .
- Corvallis-OR increased + 62.28% from 1991 to the end of 1994
- Missoula-MT increased + 53.69% from 1991 to the end of 1994
- Salt-Lake-City-UT increased + 52.71% from 1991 to the end of 1994
- Boulder-CO increased + 48.21% from 1991 to the end of 1994
- Provo-Orem-UT increased + 46.85% from 1991 to the end of 1994
Zip Code in MSA: 84006 - BINGHAM CANYON, UT
MSA Pop: 1005232Zip Pop: 726
Avg Value: 116200
County: SALT LAKE
Elev: 4260
Region: West
Lat: 40.533333
Long: -112.15