Real Estate Appreciation for Salt Lake City, Utah: + 8.24%
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 + 8.24% (+ 2.75% yearly) from 2000 to 2002.
During the same time period, UT had + 8.04% (+ 2.68% 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 |
| 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% |
| 2002 | 1 | 138.16 | + 0.16% | + 0.64% |
| 2002 | 2 | 137.92 | - 0.17% | - 0.69% |
| 2002 | 3 | 139.69 | + 1.28% | + 5.13% |
| 2002 | 4 | 140.36 | + 0.48% | + 1.92% |
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 $102,000.00 in 2000, you could multiply by + 8.24%, add the gain and see the home should be worth $110,400.37 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2000 to 2002:
+ 2.75%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2000 to 2002 were Wenatchee-WA, Lafayette-IN, Springfield-IL, Ogden-Clearfield-UT, and Provo-Orem-UT .
- Wenatchee-WA only increased + 5.30% between 2000 and 2002
- Lafayette-IN only increased + 7.07% between 2000 and 2002
- Springfield-IL only increased + 7.12% between 2000 and 2002
- Ogden-Clearfield-UT only increased + 7.34% between 2000 and 2002
- Provo-Orem-UT only increased + 7.67% between 2000 and 2002
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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