Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Albany, Georgia MSA appreciated + 29.97% (+ 5.00% yearly) for the period between 2001 and the end of 2006.

The state had + 31.10% total appreciation (+ 5.18% yearly). The state average for Georgia was higher than the real estate appreciation in the Albany, Georgia MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 3.76% faster than this MSA.

Albany-GA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation


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 $107,000.00 in 2001, you could multiply by + 29.97%, add the gain and see the home should be worth $139,069.53 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albany-GA from 2001 to 2006:
+ 5.00%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Anchorage-AK lost - 33.17% from 1984 thru 1989
  2. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 31704 - ALBANY, GA

MSA Pop: 161104
Zip Pop: 0
Avg Value: 0
County: DOUGHERTY
Elev: 208
Region: South
Lat: 31.55258
Long: -84.054004