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 + 42.37% (+ 14.12% yearly) from 2004 to 2006.

During the same time period, UT had + 34.30% (+ 11.43% yearly). You can see that the Salt Lake City, Utah MSA experienced higher appreciation in this case.

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%
2006 1 176.64 + 3.51% + 14.04%
2006 2 187.16 + 5.96% + 23.82%
2006 3 197.03 + 5.27% + 21.09%
2006 4 204.57 + 3.83% + 15.31%


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

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $110,000.00 in 2004, you could multiply by + 42.37%, add the gain and see the home should be worth $156,605.89 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2004 to 2006:
+ 14.12%

Appreciation Comparisons

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. 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