Real Estate Appreciation for Albuquerque, New Mexico: + 5.63%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
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 + 5.63% (+ 2.81% yearly) from 2000 to 2001.
During the same time period, NM had + 6.38% (+ 3.19% yearly).
From 2000 to 2001, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 109.19 | - 0.12% | - 0.48% |
| 2000 | 3 | 109.8 | + 0.56% | + 2.23% |
| 2000 | 4 | 110.57 | + 0.70% | + 2.81% |
| 2001 | 1 | 113.23 | + 2.41% | + 9.62% |
| 2001 | 2 | 113.96 | + 0.64% | + 2.58% |
| 2001 | 3 | 114.55 | + 0.52% | + 2.07% |
| 2001 | 4 | 115.47 | + 0.80% | + 3.21% |
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 $101,000.00 in 2000, you could multiply by + 5.63%, add the gain and see the home should be worth $106,681.94 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2000 to 2001:
+ 2.81%
Appreciation Comparisons
The top 5 performing MSAs from 2000 to 2001 were Stockton-CA, Salinas-CA, Modesto-CA, Vallejo-Fairfield-CA, and Merced-CA .
- Stockton-CA increased + 32.40% from 2000 to the end of 2001
- Salinas-CA increased + 31.19% from 2000 to the end of 2001
- Modesto-CA increased + 30.86% from 2000 to the end of 2001
- Vallejo-Fairfield-CA increased + 30.50% from 2000 to the end of 2001
- Merced-CA increased + 28.81% from 2000 to the end of 2001
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