Real Estate Appreciation for Albuquerque, New Mexico: + 4.21%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Albuquerque, New Mexico: + 4.21%
- State of NM: + 5.59%
- Difference: - 24.62%
Albuquerque-NM
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 105.33 | - 0.27% | - 1.10% |
| 1996 | 3 | 105.16 | - 0.16% | - 0.65% |
| 1996 | 4 | 105.95 | + 0.75% | + 3.00% |
| 1997 | 1 | 106.03 | + 0.08% | + 0.30% |
| 1997 | 2 | 106.6 | + 0.54% | + 2.15% |
| 1997 | 3 | 107.13 | + 0.50% | + 1.99% |
| 1997 | 4 | 108.41 | + 1.19% | + 4.78% |
| 1998 | 1 | 109.15 | + 0.68% | + 2.73% |
| 1998 | 2 | 108.78 | - 0.34% | - 1.36% |
| 1998 | 3 | 109.21 | + 0.40% | + 1.58% |
| 1998 | 4 | 110.07 | + 0.79% | + 3.15% |
There are a lot of ways to use the appreciation data for Albuquerque, New Mexico .
Lets look at Algodones, New Mexico, a city located in Albuquerque, New Mexico MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Algodones, New Mexico check out Spec-Loan.com
If you were going to do a Algodones, New Mexico Refinance, or Algodones, New Mexico Reverse Mortgages, you could estimate your home value.
If you knew your Algodones, New Mexico home was worth $94,000.00 in 1996, you could multiply by + 4.21%, add the gain and see the home should be worth $97,960.42 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 1996 to 1998:
+ 1.40%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 87001 - ALGODONES, NM
MSA Pop: 764869Zip Pop: 3482
Avg Value: 102000
County: SANDOVAL
Elev: 5042
Region: West
Lat: 35.379625
Long: -106.480056