Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Salt Lake City, Utah MSA appreciation it was + 24.08% (+ 12.04% yearly) from 1994 to 1995.

During the same time period, UT had + 23.33% (+ 11.66% yearly). You can see that the Salt Lake City, Utah MSA experienced higher appreciation in this case.

Salt-Lake-City-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $89,000.00 in 1994, you could multiply by + 24.08%, add the gain and see the home should be worth $110,435.30 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1994 to 1995:
+ 12.04%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 1995 were Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, Kingston-NY, and Ithaca-NY .

  1. Utica-Rome-NY decreased by - 9.64% between 1994 and 1995
  2. Binghamton-NY decreased by - 8.46% between 1994 and 1995
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 8.30% between 1994 and 1995
  4. Kingston-NY decreased by - 7.85% between 1994 and 1995
  5. Ithaca-NY decreased by - 7.18% between 1994 and 1995

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 84006 - BINGHAM CANYON, UT

MSA Pop: 1005232
Zip Pop: 726
Avg Value: 116200
County: SALT LAKE
Elev: 4260
Region: West
Lat: 40.533333
Long: -112.15