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 + 3.81% (+ 1.91% yearly).

All of the property in NM averaged + 4.87% change in value (+ 2.44% yearly).

Albuquerque-NM

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 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 $95,000.00 in 1997, you could multiply by + 3.81%, add the gain and see the home should be worth $98,619.73 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albuquerque-NM from 1997 to 1998:
+ 1.91%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 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: 87001 - ALGODONES, NM

MSA Pop: 764869
Zip Pop: 3482
Avg Value: 102000
County: SANDOVAL
Elev: 5042
Region: West
Lat: 35.379625
Long: -106.480056