Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Salt Lake City, Utah did compared to the state as a whole.

The Salt Lake City, Utah MSA property value change was + 8.47% (+ 4.24% yearly).

All of the property in UT averaged + 8.50% change in value (+ 4.25% yearly).

Salt-Lake-City-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 1997, you could multiply by + 8.47%, add the gain and see the home should be worth $103,049.23 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1997 to 1998:
+ 4.24%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Diego-Carlsbad-San-Marcos-CA, Gadsden-AL, and Waterloo-Cedar-Falls-IA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 24.79% from 1997 to the end of 1998
  2. Santa-Cruz-Watsonville-CA increased + 20.64% from 1997 to the end of 1998
  3. San-Diego-Carlsbad-San-Marcos-CA increased + 16.27% from 1997 to the end of 1998
  4. Gadsden-AL increased + 14.96% from 1997 to the end of 1998
  5. Waterloo-Cedar-Falls-IA increased + 13.76% from 1997 to the end of 1998

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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