Appreciation for MSAs:.

Let's start by comparing Albany, Georgia to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 11.67% (+ 3.89% yearly) for the Albany, Georgia MSA.

The entire state of GA had + 13.15% appreciation (+ 4.38% yearly). The state average for Georgia was higher than the real estate appreciation in the Albany, Georgia MSA. This means the conditions in the MSA for real estate investment were worse by + 12.64%.

Albany-GA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 131.22 + 1.15% + 4.59%
2002 3 132.05 + 0.63% + 2.53%
2002 4 133.85 + 1.36% + 5.45%
2003 1 133.35 - 0.37% - 1.49%
2003 2 136.62 + 2.45% + 9.81%
2003 3 136.49 - 0.10% - 0.38%
2003 4 141.01 + 3.31% + 13.25%
2004 1 139.89 - 0.79% - 3.18%
2004 2 140.79 + 0.64% + 2.57%
2004 3 143.31 + 1.79% + 7.16%
2004 4 144.87 + 1.09% + 4.35%


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 $106,000.00 in 2002, you could multiply by + 11.67%, add the gain and see the home should be worth $118,370.62 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albany-GA from 2002 to 2004:
+ 3.89%

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: 31702 - ALBANY, GA

MSA Pop: 161104
Zip Pop: 0
Avg Value: 0
County: DOUGHERTY
Elev: 208
Region: South
Lat: 31.600675
Long: -84.20185