Real Estate Appreciation for Alexandria, Lousiana: + 9.31%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Alexandria, Lousiana MSA appreciated + 9.31% (+ 4.66% yearly) between 1993 and the end of 1994.
The state of LA had + 10.01% total appreciation (+ 5.00% yearly).
The state average for Lousiana was higher than the real estate appreciation in the Alexandria, Lousiana MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 7.50% faster than this MSA.
Alexandria-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 91.91 | + 4.23% | + 16.92% |
| 1993 | 3 | 93.73 | + 1.98% | + 7.92% |
| 1993 | 4 | 94.64 | + 0.97% | + 3.88% |
| 1994 | 1 | 97.32 | + 2.83% | + 11.33% |
| 1994 | 2 | 96.84 | - 0.49% | - 1.97% |
| 1994 | 3 | 99.63 | + 2.88% | + 11.52% |
| 1994 | 4 | 96.39 | - 3.25% | - 13.01% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Alexandria, Lousiana click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Alexandria, Lousiana.
If you were going to do a Alexandria, Lousiana Refinance, or Alexandria, Lousiana Reverse Mortgages, you could estimate your home value.
If you knew your Alexandria, Lousiana home was worth $87,000.00 in 1993, you could multiply by + 9.31%, add the gain and see the home should be worth $95,100.14 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Alexandria-LA from 1993 to 1994:
+ 4.66%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1993 to 1994 were Riverside-San-Bernardino-Ontario-CA, Kingston-NY, Binghamton-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 13.55% between 1993 and 1994
- Kingston-NY decreased by - 12.24% between 1993 and 1994
- Binghamton-NY decreased by - 10.95% between 1993 and 1994
- Utica-Rome-NY decreased by - 8.71% between 1993 and 1994
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 8.42% between 1993 and 1994
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 71301 - ALEXANDRIA, LA
MSA Pop: 146281Zip Pop: 23367
Avg Value: 65100
County: RAPIDES
Elev: 82
Region: South
Lat: 31.28496
Long: -92.46546