Real Estate Appreciation for Albuquerque, New Mexico: + 29.34%
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 + 29.34% (+ 9.78% yearly) between 2003 and the end of 2005.
The state of NM had + 30.70% total appreciation (+ 10.23% 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 + 4.64% faster than this MSA.
Albuquerque-NM
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Algodones, New Mexico, a city located in Albuquerque, New Mexico MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $108,000.00 in 2003, you could multiply by + 29.34%, add the gain and see the home should be worth $139,682.28 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2003 to 2005:
+ 9.78%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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