Appreciation for MSAs:.

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

If we analyze Albuquerque, New Mexico MSA appreciation it was + 29.50% (+ 3.28% yearly) from 1994 to 2002.

During the same time period, NM had + 33.65% (+ 3.74% yearly). From 1994 to 2002, New Mexico outperformed the individual Albuquerque, New Mexico MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Albuquerque-NM

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation


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 Belen, New Mexico Refinance, or Belen, New Mexico Reverse Mortgages, you could estimate your home value.

If you knew your Belen, New Mexico home was worth $96,000.00 in 1994, you could multiply by + 29.50%, add the gain and see the home should be worth $124,321.20 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albuquerque-NM from 1994 to 2002:
+ 3.28%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 2002 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Buffalo-Niagara-Falls-NY, and Rochester-NY .

  1. Honolulu-HI only increased + 0.38% between 1994 and 2002
  2. Utica-Rome-NY only increased + 11.21% between 1994 and 2002
  3. Binghamton-NY only increased + 12.32% between 1994 and 2002
  4. Buffalo-Niagara-Falls-NY only increased + 13.28% between 1994 and 2002
  5. Rochester-NY only increased + 13.43% between 1994 and 2002

The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .

  1. Midland-TX lost - 34.76% from 1982 to 1990
  2. Midland-TX lost - 32.77% from 1983 thru 1991
  3. Lafayette-LA lost - 26.59% from 1982 thru 1990
  4. Casper-WY lost - 26.42% from 1983 thru 1991
  5. Midland-TX lost - 25.57% from 1984 thru 1992

Zip Code in MSA: 87002 - BELEN, NM

MSA Pop: 764869
Zip Pop: 20673
Avg Value: 87100
County: VALENCIA
Elev: 4841
Region: West
Lat: 34.655093
Long: -106.761577