Appreciation for MSAs:.

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 + 22.99% (+ 11.50% yearly) from 2004 to 2005.

During the same time period, NM had + 23.22% (+ 11.61% yearly). From 2004 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

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $109,000.00 in 2004, you could multiply by + 22.99%, add the gain and see the home should be worth $134,062.33 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2004 to 2005:
+ 11.50%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2004 to 2005 were Burlington-NC, Jonesboro-AR, Lafayette-IN, Rocky-Mount-NC, and Youngstown-Warren-Boardman-OH-PA .

  1. Burlington-NC only increased + 0.60% between 2004 and 2005
  2. Jonesboro-AR only increased + 2.06% between 2004 and 2005
  3. Lafayette-IN only increased + 2.12% between 2004 and 2005
  4. Rocky-Mount-NC only increased + 2.82% between 2004 and 2005
  5. Youngstown-Warren-Boardman-OH-PA only increased + 3.78% between 2004 and 2005

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

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