Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Ames, Iowa MSA appreciated + 6.97% (+ 3.49% yearly) for the period between 1999 and the end of 2000.

The state had + 7.25% total appreciation (+ 3.63% yearly). The state average for Iowa was higher than the real estate appreciation in the Ames, Iowa MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 3.99% faster than this MSA.

Ames-IA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1999 2 121.65 + 1.74% + 6.96%
1999 3 122.33 + 0.56% + 2.24%
1999 4 121.62 - 0.58% - 2.32%
2000 1 123.22 + 1.32% + 5.26%
2000 2 125.47 + 1.83% + 7.30%
2000 3 126.87 + 1.12% + 4.46%
2000 4 127.91 + 0.82% + 3.28%


Lets look at Ames, Iowa, a city located in Ames, Iowa 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 Ames, Iowa Refinance, or Ames, Iowa Reverse Mortgages, you could estimate your home value.

If you knew your Ames, Iowa home was worth $99,000.00 in 1999, you could multiply by + 6.97%, add the gain and see the home should be worth $105,905.24 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Ames-IA from 1999 to 2000:
+ 3.49%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 44.43% from 1999 to the end of 2000
  2. Santa-Cruz-Watsonville-CA increased + 41.93% from 1999 to the end of 2000
  3. Santa-Rosa-Petaluma-CA increased + 41.14% from 1999 to the end of 2000
  4. Salinas-CA increased + 39.42% from 1999 to the end of 2000
  5. Napa-CA increased + 33.84% from 1999 to the end of 2000

In contrast, the worst 5 MSAs from 1999 to 2000 were Midland-TX, Coeur-d'Alene-ID, Wenatchee-WA, Lewiston-ID-WA, and Lawton-OK .

  1. Midland-TX decreased by - 2.50% between 1999 and 2000
  2. Coeur-d'Alene-ID decreased by - 2.19% between 1999 and 2000
  3. Wenatchee-WA decreased by - 1.05% between 1999 and 2000
  4. Lewiston-ID-WA decreased by - 0.85% between 1999 and 2000
  5. Lawton-OK decreased by - 0.79% between 1999 and 2000

Zip Code in MSA: 50010 - AMES, IA

MSA Pop: 83021
Zip Pop: 24991
Avg Value: 118800
County: STORY
Elev: 1003
Region: Midwest
Lat: 42.02752
Long: -93.636937