Appreciation for MSAs:.

Let's start by comparing Salt Lake City, Utah to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 3.10% (+ 1.55% yearly) for the Salt Lake City, Utah MSA.

The entire state of UT had + 2.82% appreciation (+ 1.41% yearly). The Salt Lake City, Utah MSA beat out the state. by + 9.91% appreciation.

Salt-Lake-City-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bingham Canyon, Utah click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Salt Lake City, Utah.

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 2002, you could multiply by + 3.10%, add the gain and see the home should be worth $108,252.75 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2002 to 2003:
+ 1.55%

Appreciation Comparisons

The worst 5 MSAs from 2002 to 2003 were Ogden-Clearfield-UT, Lafayette-IN, Fayetteville-NC, Logan-UT-ID, and Provo-Orem-UT .

  1. Ogden-Clearfield-UT only increased + 1.57% between 2002 and 2003
  2. Lafayette-IN only increased + 2.02% between 2002 and 2003
  3. Fayetteville-NC only increased + 2.05% between 2002 and 2003
  4. Logan-UT-ID only increased + 2.05% between 2002 and 2003
  5. Provo-Orem-UT only increased + 2.06% between 2002 and 2003

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

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

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