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 + 8.66% (+ 2.89% yearly) for the Salt Lake City, Utah MSA.

The entire state of UT had + 8.24% appreciation (+ 2.75% yearly). The Salt Lake City, Utah MSA beat out the state. by + 5.08% 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%
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%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $106,000.00 in 2002, you could multiply by + 8.66%, add the gain and see the home should be worth $115,176.03 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2002 to 2004:
+ 2.89%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  2. Lafayette-LA lost - 28.50% from 1986 thru 1988

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