Real Estate Appreciation for Albany, Georgia: + 23.22%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Albany, Georgia MSA appreciated + 23.22% (+ 5.80% yearly) between 2003 and the end of 2006.
The state of GA had + 19.71% total appreciation (+ 4.93% yearly).
The Albany, Georgia MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 17.77% faster than the state as a whole.
Albany-GA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2005 | 1 | 144.85 | - 0.01% | - 0.06% |
| 2005 | 2 | 150.92 | + 4.19% | + 16.76% |
| 2005 | 3 | 151.59 | + 0.44% | + 1.78% |
| 2005 | 4 | 157.44 | + 3.86% | + 15.44% |
| 2006 | 1 | 158.39 | + 0.60% | + 2.41% |
| 2006 | 2 | 159.84 | + 0.92% | + 3.66% |
| 2006 | 3 | 160.92 | + 0.68% | + 2.70% |
| 2006 | 4 | 164.31 | + 2.11% | + 8.43% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $109,000.00 in 2003, you could multiply by + 23.22%, add the gain and see the home should be worth $134,306.64 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-GA from 2003 to 2006:
+ 5.80%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2006 were Bakersfield-CA, Visalia-Porterville-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +110.89% from 2003 to the end of 2006
- Visalia-Porterville-CA increased +101.32% from 2003 to the end of 2006
- Madera-CA increased +100.36% from 2003 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +100.03% from 2003 to the end of 2006
- Naples-Marco-Island-FL increased + 99.23% from 2003 to the end of 2006
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