Real Estate Appreciation for Salt Lake City, Utah: + 34.24%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Salt Lake City, Utah did compared to the state as a whole.
The Salt Lake City, Utah MSA property value change was + 34.24% (+ 17.12% yearly).
All of the property in UT averaged + 26.13% change in value (+ 13.07% yearly).
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $111,000.00 in 2005, you could multiply by + 34.24%, add the gain and see the home should be worth $149,007.61 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 2005 to 2006:
+ 17.12%
Appreciation Comparisons
The top 5 performing MSAs from 2005 to 2006 were Bend-OR, Boise-City-Nampa-ID, Phoenix-Mesa-Scottdale-AZ, Naples-Marco-Island-FL, and Ocala-FL .
- Bend-OR increased + 52.68% from 2005 to the end of 2006
- Boise-City-Nampa-ID increased + 43.68% from 2005 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 43.40% from 2005 to the end of 2006
- Naples-Marco-Island-FL increased + 41.08% from 2005 to the end of 2006
- Ocala-FL increased + 40.98% from 2005 to the end of 2006
In contrast, the worst 5 MSAs from 2005 to 2006 were Saginaw-Saginaw-Township-North-MI, Flint-MI, Kokomo-IN, Muncie-IN, and Ann-Arbor-MI .
- Saginaw-Saginaw-Township-North-MI decreased by - 3.27% between 2005 and 2006
- Flint-MI decreased by - 1.05% between 2005 and 2006
- Kokomo-IN decreased by - 1.00% between 2005 and 2006
- Muncie-IN only increased + 0.20% between 2005 and 2006
- Ann-Arbor-MI only increased + 0.22% between 2005 and 2006
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