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 + 23.52% (+ 5.88% yearly) for the Salt Lake City, Utah MSA.

The entire state of UT had + 23.20% appreciation (+ 5.80% yearly). The Salt Lake City, Utah MSA beat out the state. by + 1.38% 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%
2005 1 152.39 + 1.51% + 6.05%
2005 2 158.23 + 3.83% + 15.33%
2005 3 163.46 + 3.31% + 13.22%
2005 4 170.65 + 4.40% + 17.59%


Some of the ways peope use our appreciation data for Salt Lake City, Utah include real estate investment .

Lets look at Bingham Canyon, Utah, a city located in Salt Lake City, Utah MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $107,000.00 in 2002, you could multiply by + 23.52%, add the gain and see the home should be worth $132,162.35 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2002 to 2005:
+ 5.88%

Appreciation Comparisons

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 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