Real Estate Appreciation for Salt Lake City, Utah: + 16.27%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Salt Lake City, Utah: + 16.27%
- State of UT: + 15.46%
- Difference: + 5.22%
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 126.19 | + 1.41% | + 5.66% |
| 1998 | 2 | 127.4 | + 0.96% | + 3.84% |
| 1998 | 3 | 128.33 | + 0.73% | + 2.92% |
| 1998 | 4 | 129.56 | + 0.96% | + 3.83% |
Some of the ways peope use our appreciation data for Salt Lake City, Utah include real estate investment .
Lets look at Bingham Canyon, Utah, a city located in Salt Lake City, Utah MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $94,000.00 in 1996, you could multiply by + 16.27%, add the gain and see the home should be worth $109,294.09 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1996 to 1998:
+ 5.42%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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