Real Estate Appreciation for Salt Lake City, Utah: + 55.78%
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 + 55.78% (+ 13.94% yearly) between 1993 and the end of 1996.
The state of UT had + 52.50% total appreciation (+ 13.12% yearly).
The Salt Lake City, Utah MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 6.25% 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% |
| 1996 | 1 | 111.43 | + 2.12% | + 8.47% |
| 1996 | 2 | 113 | + 1.41% | + 5.64% |
| 1996 | 3 | 115.15 | + 1.90% | + 7.61% |
| 1996 | 4 | 117.55 | + 2.08% | + 8.34% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Salt-Lake-City-UT here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Utah, you can do some research at 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 $89,000.00 in 1993, you could multiply by + 55.78%, add the gain and see the home should be worth $138,642.33 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1993 to 1996:
+ 13.94%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
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