Real Estate Appreciation for Albuquerque, New Mexico: + 9.02%
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 + 9.02% (+ 3.01% yearly) from 2000 to 2002.
During the same time period, NM had + 10.94% (+ 3.65% yearly).
From 2000 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
| 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% |
| 2002 | 1 | 115.8 | + 0.29% | + 1.14% |
| 2002 | 2 | 116.76 | + 0.83% | + 3.32% |
| 2002 | 3 | 118.29 | + 1.31% | + 5.24% |
| 2002 | 4 | 119.18 | + 0.75% | + 3.01% |
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 $102,000.00 in 2000, you could multiply by + 9.02%, add the gain and see the home should be worth $111,199.78 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2000 to 2002:
+ 3.01%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2000 to 2002 were Wenatchee-WA, Lafayette-IN, Springfield-IL, Ogden-Clearfield-UT, and Provo-Orem-UT .
- Wenatchee-WA only increased + 5.30% between 2000 and 2002
- Lafayette-IN only increased + 7.07% between 2000 and 2002
- Springfield-IL only increased + 7.12% between 2000 and 2002
- Ogden-Clearfield-UT only increased + 7.34% between 2000 and 2002
- Provo-Orem-UT only increased + 7.67% between 2000 and 2002
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- 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