Real Estate Appreciation for Salt Lake City, Utah: + 41.49%
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 + 41.49% (+ 10.37% yearly) from 1994 to 1997.
During the same time period, UT had + 39.97% (+ 9.99% yearly).
You can see that the Salt Lake City, Utah MSA experienced higher appreciation in this case.
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1997 | 1 | 119.44 | + 1.61% | + 6.43% |
| 1997 | 2 | 120.13 | + 0.58% | + 2.31% |
| 1997 | 3 | 122.3 | + 1.81% | + 7.23% |
| 1997 | 4 | 124.43 | + 1.74% | + 6.97% |
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 $91,000.00 in 1994, you could multiply by + 41.49%, add the gain and see the home should be worth $128,759.72 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1994 to 1997:
+ 10.37%
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
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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