Real Estate Appreciation for Salt Lake City, Utah: + 6.37%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
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 + 6.37% (+ 3.18% yearly) from 2000 to 2001.
During the same time period, UT had + 6.42% (+ 3.21% yearly).
From 2000 to 2001, Utah outperformed the individual Salt Lake City, Utah MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 129.56 | - 0.09% | - 0.37% |
| 2000 | 3 | 130.96 | + 1.08% | + 4.32% |
| 2000 | 4 | 132.86 | + 1.45% | + 5.80% |
| 2001 | 1 | 136 | + 2.36% | + 9.45% |
| 2001 | 2 | 136.13 | + 0.10% | + 0.38% |
| 2001 | 3 | 136.63 | + 0.37% | + 1.47% |
| 2001 | 4 | 137.94 | + 0.96% | + 3.84% |
Lets look at Bingham Canyon, Utah, a city located in Salt Lake City, Utah MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $101,000.00 in 2000, you could multiply by + 6.37%, add the gain and see the home should be worth $107,433.22 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2000 to 2001:
+ 3.18%
Appreciation Comparisons
The top 5 performing MSAs from 2000 to 2001 were Stockton-CA, Salinas-CA, Modesto-CA, Vallejo-Fairfield-CA, and Merced-CA .
- Stockton-CA increased + 32.40% from 2000 to the end of 2001
- Salinas-CA increased + 31.19% from 2000 to the end of 2001
- Modesto-CA increased + 30.86% from 2000 to the end of 2001
- Vallejo-Fairfield-CA increased + 30.50% from 2000 to the end of 2001
- Merced-CA increased + 28.81% from 2000 to the end of 2001
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