Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Albuquerque, New Mexico MSA appreciated + 11.64% (+ 5.82% yearly) between 2003 and the end of 2004.

The state of NM had + 13.25% total appreciation (+ 6.63% 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 than the state as a whole. The state appreaciated + 13.90% faster than this MSA.

Albuquerque-NM

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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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 2003, you could multiply by + 11.64%, add the gain and see the home should be worth $119,450.55 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2003 to 2004:
+ 5.82%

Appreciation Comparisons

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

The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .

  1. Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
  2. Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
  3. Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
  4. Madera-CA increased + 48.31% from 2003 to the end of 2004
  5. Fresno-CA increased + 47.99% from 2003 to the end of 2004

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