Real Estate Appreciation for Albuquerque, New Mexico: + 34.28%
Appreciation for MSAs:.
Let's start by comparing Albuquerque, New Mexico to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 34.28% (+ 8.57% yearly) for the Albuquerque, New Mexico MSA.
The entire state of NM had + 37.03% appreciation (+ 9.26% yearly).
The state average for New Mexico was higher than the real estate appreciation in the Albuquerque, New Mexico MSA. This means the conditions in the MSA for real estate investment were worse by + 8.03%.
Albuquerque-NM
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 116.76 | + 0.83% | + 3.32% |
| 2002 | 3 | 118.29 | + 1.31% | + 5.24% |
| 2002 | 4 | 119.18 | + 0.75% | + 3.01% |
| 2003 | 1 | 120.23 | + 0.88% | + 3.52% |
| 2003 | 2 | 121.64 | + 1.17% | + 4.69% |
| 2003 | 3 | 122.59 | + 0.78% | + 3.12% |
| 2003 | 4 | 124.92 | + 1.90% | + 7.60% |
| 2004 | 1 | 126.43 | + 1.21% | + 4.84% |
| 2004 | 2 | 128.75 | + 1.84% | + 7.34% |
| 2004 | 3 | 132.04 | + 2.56% | + 10.22% |
| 2004 | 4 | 134.22 | + 1.65% | + 6.60% |
| 2005 | 1 | 136.97 | + 2.05% | + 8.20% |
| 2005 | 2 | 144.1 | + 5.21% | + 20.82% |
| 2005 | 3 | 150.24 | + 4.26% | + 17.04% |
| 2005 | 4 | 155.5 | + 3.50% | + 14.00% |
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 $107,000.00 in 2002, you could multiply by + 34.28%, add the gain and see the home should be worth $143,683.07 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2002 to 2005:
+ 8.57%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2002 to 2005 were Lafayette-IN, Burlington-NC, Anderson-IN, Jonesboro-AR, and Fort-Wayne-IN .
- Lafayette-IN only increased + 6.22% between 2002 and 2005
- Burlington-NC only increased + 6.40% between 2002 and 2005
- Anderson-IN only increased + 8.50% between 2002 and 2005
- Jonesboro-AR only increased + 8.86% between 2002 and 2005
- Fort-Wayne-IN only increased + 9.30% between 2002 and 2005
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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