Home Equity Appreciation for Albany, Georgia: + 11.50%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Albany, Georgia: + 11.50%
- State of GA: + 26.00%
- Difference: - 55.75%
Albany-GA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1998 | 2 | 113.88 | - 1.35% | - 5.41% |
| 1998 | 3 | 117.37 | + 3.06% | + 12.26% |
| 1998 | 4 | 116.17 | - 1.02% | - 4.09% |
| 1999 | 1 | 119.16 | + 2.57% | + 10.30% |
| 1999 | 2 | 117.65 | - 1.27% | - 5.07% |
| 1999 | 3 | 118.98 | + 1.13% | + 4.52% |
| 1999 | 4 | 121.01 | + 1.71% | + 6.82% |
| 2000 | 1 | 122.63 | + 1.34% | + 5.35% |
| 2000 | 2 | 122.02 | - 0.50% | - 1.99% |
| 2000 | 3 | 123.16 | + 0.93% | + 3.74% |
| 2000 | 4 | 122.71 | - 0.37% | - 1.46% |
| 2001 | 1 | 126.42 | + 3.02% | + 12.09% |
| 2001 | 2 | 127.24 | + 0.65% | + 2.59% |
| 2001 | 3 | 127.97 | + 0.57% | + 2.29% |
| 2001 | 4 | 128.72 | + 0.59% | + 2.34% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Albany-GA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Georgia, you can do some research at Spec-Loan.com.
If you were going to do a Albany, Georgia Refinance, or Albany, Georgia Reverse Mortgages, you could estimate your home value.
If you knew your Albany, Georgia home was worth $99,000.00 in 1998, you could multiply by + 11.50%, add the gain and see the home should be worth $110,388.77 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-GA from 1998 to 2001:
+ 2.88%
Appreciation Comparisons
The top 5 performing MSAs from 1998 to 2001 were Santa-Cruz-Watsonville-CA, Salinas-CA, Santa-Rosa-Petaluma-CA, Barnstable-Town-MA, and Napa-CA .
- Santa-Cruz-Watsonville-CA increased + 68.73% from 1998 to the end of 2001
- Salinas-CA increased + 68.18% from 1998 to the end of 2001
- Santa-Rosa-Petaluma-CA increased + 67.23% from 1998 to the end of 2001
- Barnstable-Town-MA increased + 65.19% from 1998 to the end of 2001
- Napa-CA increased + 63.43% from 1998 to the end of 2001
Zip Code in MSA: 31703 - ALBANY, GA
MSA Pop: 161104Zip Pop: 0
Avg Value: 0
County: DOUGHERTY
Elev: 208
Region: South
Lat: 31.575996
Long: -84.154371