Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Salt Lake City, Utah MSA appreciation it was + 18.76% (+ 9.38% yearly) from 2004 to 2005.

During the same time period, UT had + 18.83% (+ 9.42% yearly). From 2004 to 2005, Utah outperformed the individual Salt Lake City, Utah MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Salt-Lake-City-UT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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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 $109,000.00 in 2004, you could multiply by + 18.76%, add the gain and see the home should be worth $129,451.25 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2004 to 2005:
+ 9.38%

Appreciation Comparisons

The worst 5 MSAs from 2004 to 2005 were Burlington-NC, Jonesboro-AR, Lafayette-IN, Rocky-Mount-NC, and Youngstown-Warren-Boardman-OH-PA .

  1. Burlington-NC only increased + 0.60% between 2004 and 2005
  2. Jonesboro-AR only increased + 2.06% between 2004 and 2005
  3. Lafayette-IN only increased + 2.12% between 2004 and 2005
  4. Rocky-Mount-NC only increased + 2.82% between 2004 and 2005
  5. Youngstown-Warren-Boardman-OH-PA only increased + 3.78% between 2004 and 2005

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