Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Salt Lake City, Utah MSA appreciated + 3.21% (+ 1.60% yearly) for the period between 2001 and the end of 2002.

The state had + 2.98% total appreciation (+ 1.49% yearly). The Salt Lake City, Utah MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Salt-Lake-City-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you need information on Hard Money Rehab Loans in Bingham Canyon, Utah look at 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 $103,000.00 in 2001, you could multiply by + 3.21%, add the gain and see the home should be worth $106,302.06 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2001 to 2002:
+ 1.60%

Appreciation Comparisons

The top 5 performing MSAs from 2001 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Yuba-City-CA, Providence-New-Bedford-Fall-River-RI-MA, and Chico-CA .

  1. Barnstable-Town-MA increased + 29.22% from 2001 to the end of 2002
  2. San-Luis-Obispo-Paso-Robles-CA increased + 27.71% from 2001 to the end of 2002
  3. Yuba-City-CA increased + 27.51% from 2001 to the end of 2002
  4. Providence-New-Bedford-Fall-River-RI-MA increased + 27.39% from 2001 to the end of 2002
  5. Chico-CA increased + 27.31% from 2001 to the end of 2002

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