Real Estate Appreciation for Salt Lake City, Utah: + 58.28%
Appreciation for MSAs:.
Let's start by comparing Salt Lake City, 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 + 58.28% (+ 14.57% yearly) for the Salt Lake City, Utah MSA.
The entire state of UT had + 54.23% appreciation (+ 13.56% yearly).
The Salt Lake City, Utah MSA beat out the state. by + 7.47% appreciation.
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1995 | 1 | 100 | + 1.57% | + 6.30% |
| 1995 | 2 | 103.25 | + 3.25% | + 13.00% |
| 1995 | 3 | 106.97 | + 3.60% | + 14.41% |
| 1995 | 4 | 109.12 | + 2.01% | + 8.04% |
There are a lot of ways to use the appreciation data for Salt Lake City, Utah .
Lets look at Bingham Canyon, Utah, a city located in Salt Lake City, 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 Bingham Canyon, Utah check out Spec-Loan.com
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 $87,000.00 in 1992, you could multiply by + 58.28%, add the gain and see the home should be worth $137,705.83 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1992 to 1995:
+ 14.57%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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