Real Estate Appreciation for Salt Lake City, Utah: + 6.69%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Salt Lake City, Utah MSA appreciated + 6.69% (+ 3.34% yearly) between 2003 and the end of 2004.
The state of UT had + 6.18% total appreciation (+ 3.09% yearly).
The Salt Lake City, Utah MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 8.28% faster than the state as a whole.
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $107,000.00 in 2003, you could multiply by + 6.69%, add the gain and see the home should be worth $114,155.64 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2003 to 2004:
+ 3.34%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .
- Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
- Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
- Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
- Madera-CA increased + 48.31% from 2003 to the end of 2004
- Fresno-CA increased + 47.99% from 2003 to the end of 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