Real Estate Appreciation for Albuquerque, New Mexico: + 55.50%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Albuquerque, New Mexico did compared to the state as a whole.
The Albuquerque, New Mexico MSA property value change was + 55.50% (+ 5.05% yearly).
All of the property in NM averaged + 64.43% change in value (+ 5.86% yearly).
Albuquerque-NM
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2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
Lets look at Bernalillo, New Mexico, a city located in Albuquerque, New Mexico MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Bernalillo, New Mexico Refinance, or Bernalillo, New Mexico Reverse Mortgages, you could estimate your home value.
If you knew your Bernalillo, New Mexico home was worth $100,000.00 in 1995, you could multiply by + 55.50%, add the gain and see the home should be worth $155,500.00 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 1995 to 2005:
+ 5.05%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 2005 were Springfield-IL, Lafayette-IN, Fayetteville-NC, Columbus-IN, and Florence-Muscle-Shoals-AL .
- Springfield-IL only increased + 29.78% between 1995 and 2005
- Lafayette-IN only increased + 32.24% between 1995 and 2005
- Fayetteville-NC only increased + 34.66% between 1995 and 2005
- Columbus-IN only increased + 34.69% between 1995 and 2005
- Florence-Muscle-Shoals-AL only increased + 35.09% between 1995 and 2005
The worst perfoming MSAs ever for a 11 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 33.11% from 1982 to 1992
- Midland-TX lost - 27.85% from 1983 thru 1993
- Midland-TX lost - 21.51% from 1984 thru 1994
- Odessa-TX lost - 21.17% from 1984 thru 1994
- Lafayette-LA lost - 18.88% from 1982 thru 1992
Zip Code in MSA: 87004 - BERNALILLO, NM
MSA Pop: 764869Zip Pop: 8154
Avg Value: 74900
County: SANDOVAL
Elev: 5042
Region: West
Lat: 35.308802
Long: -106.546963