Real Estate Appreciation for Salt Lake City, Utah: + 15.79%
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: + 15.79%
- State of UT: + 14.46%
- Difference: + 9.20%
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% |
| 1999 | 1 | 130.14 | + 0.45% | + 1.79% |
| 1999 | 2 | 129.81 | - 0.25% | - 1.01% |
| 1999 | 3 | 128.43 | - 1.06% | - 4.25% |
| 1999 | 4 | 129.03 | + 0.47% | + 1.87% |
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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 $95,000.00 in 1996, you could multiply by + 15.79%, add the gain and see the home should be worth $110,004.94 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1996 to 1999:
+ 3.95%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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