Real Estate Appreciation for Salt Lake City, Utah: + 44.61%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Salt Lake City, Utah MSA appreciated + 44.61% (+ 14.87% yearly) between 1993 and the end of 1995.
The state of UT had + 42.46% total appreciation (+ 14.15% yearly).
The Salt Lake City, Utah MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 5.06% faster than the state as a whole.
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bingham Canyon, Utah click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Salt Lake City, Utah.
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 $88,000.00 in 1993, you could multiply by + 44.61%, add the gain and see the home should be worth $127,253.64 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1993 to 1995:
+ 14.87%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
In contrast, the worst 5 MSAs from 1993 to 1995 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 12.41% between 1993 and 1995
- Binghamton-NY decreased by - 10.14% between 1993 and 1995
- Kingston-NY decreased by - 9.24% between 1993 and 1995
- Utica-Rome-NY decreased by - 9.14% between 1993 and 1995
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 7.65% between 1993 and 1995
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