Real Estate Appreciation for Albuquerque, New Mexico: + 42.24%
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 + 42.24% (+ 7.04% yearly) from 2000 to 2005.
During the same time period, NM had + 46.58% (+ 7.76% yearly).
From 2000 to 2005, 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
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Albuquerque, New Mexico .
Lets look at Belen, 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 Belen, New Mexico check out Spec-Loan.com
If you were going to do a Belen, New Mexico Refinance, or Belen, New Mexico Reverse Mortgages, you could estimate your home value.
If you knew your Belen, New Mexico home was worth $105,000.00 in 2000, you could multiply by + 42.24%, add the gain and see the home should be worth $149,355.10 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2000 to 2005:
+ 7.04%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Anchorage-AK lost - 33.17% from 1984 thru 1989
- Midland-TX lost - 31.15% from 1982 thru 1987
Zip Code in MSA: 87002 - BELEN, NM
MSA Pop: 764869Zip Pop: 20673
Avg Value: 87100
County: VALENCIA
Elev: 4841
Region: West
Lat: 34.655093
Long: -106.761577