Real Estate Appreciation for Salt Lake City, Utah: + 10.38%
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 + 10.38% (+ 2.60% yearly) for the period between 2001 and the end of 2004.
The state had + 9.68% total appreciation (+ 2.42% 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2003 | 1 | 140.71 | + 0.25% | + 1.00% |
| 2003 | 2 | 141.21 | + 0.36% | + 1.42% |
| 2003 | 3 | 141.78 | + 0.40% | + 1.61% |
| 2003 | 4 | 142.44 | + 0.47% | + 1.86% |
| 2004 | 1 | 143.69 | + 0.88% | + 3.51% |
| 2004 | 2 | 145.2 | + 1.05% | + 4.20% |
| 2004 | 3 | 147.43 | + 1.54% | + 6.14% |
| 2004 | 4 | 150.12 | + 1.82% | + 7.30% |
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 $105,000.00 in 2001, you could multiply by + 10.38%, add the gain and see the home should be worth $115,901.47 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2001 to 2004:
+ 2.60%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
In contrast, the worst 5 MSAs from 2001 to 2004 were Ogden-Clearfield-UT, Jackson-TN, Austin-Round-Rock-TX, Provo-Orem-UT, and Columbus-IN .
- Ogden-Clearfield-UT only increased + 5.61% between 2001 and 2004
- Jackson-TN only increased + 5.91% between 2001 and 2004
- Austin-Round-Rock-TX only increased + 5.99% between 2001 and 2004
- Provo-Orem-UT only increased + 6.69% between 2001 and 2004
- Columbus-IN only increased + 7.56% between 2001 and 2004
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