Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Albany, Georgia MSA appreciation it was + 12.55% (+ 6.27% yearly) from 2004 to 2005.

During the same time period, GA had + 10.95% (+ 5.47% yearly). You can see that the Albany, Georgia MSA experienced higher appreciation in this case.

Albany-GA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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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 2004, you could multiply by + 12.55%, add the gain and see the home should be worth $122,674.67 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albany-GA from 2004 to 2005:
+ 6.27%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2004 to 2005 were Burlington-NC, Jonesboro-AR, Lafayette-IN, Rocky-Mount-NC, and Youngstown-Warren-Boardman-OH-PA .

  1. Burlington-NC only increased + 0.60% between 2004 and 2005
  2. Jonesboro-AR only increased + 2.06% between 2004 and 2005
  3. Lafayette-IN only increased + 2.12% between 2004 and 2005
  4. Rocky-Mount-NC only increased + 2.82% between 2004 and 2005
  5. Youngstown-Warren-Boardman-OH-PA only increased + 3.78% between 2004 and 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 31701 - ALBANY, GA

MSA Pop: 161104
Zip Pop: 22419
Avg Value: 55300
County: DOUGHERTY
Elev: 208
Region: South
Lat: 31.57381
Long: -84.164133