Real Estate Appreciation for Ann Arbor, Michigan: + 17.38%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Ann Arbor, Michigan MSA appreciation it was + 17.38% (+ 5.79% yearly) from 1994 to 1996.
During the same time period, MI had + 21.79% (+ 7.26% yearly).
From 1994 to 1996, Michigan outperformed the individual Ann Arbor, Michigan MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Ann-Arbor-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 95.96 | + 0.79% | + 3.15% |
| 1994 | 3 | 97.56 | + 1.67% | + 6.67% |
| 1994 | 4 | 99.09 | + 1.57% | + 6.27% |
| 1995 | 1 | 100 | + 0.92% | + 3.67% |
| 1995 | 2 | 101.59 | + 1.59% | + 6.36% |
| 1995 | 3 | 103 | + 1.39% | + 5.55% |
| 1995 | 4 | 104.28 | + 1.24% | + 4.97% |
| 1996 | 1 | 106.55 | + 2.18% | + 8.71% |
| 1996 | 2 | 108.43 | + 1.76% | + 7.06% |
| 1996 | 3 | 110.52 | + 1.93% | + 7.71% |
| 1996 | 4 | 111.76 | + 1.12% | + 4.49% |
Lets look at Ann Arbor, Michigan, a city located in Ann Arbor, Michigan 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 Ann Arbor, Michigan Refinance, or Ann Arbor, Michigan Reverse Mortgages, you could estimate your home value.
If you knew your Ann Arbor, Michigan home was worth $90,000.00 in 1994, you could multiply by + 17.38%, add the gain and see the home should be worth $105,644.37 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 1994 to 1996:
+ 5.79%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, and Pueblo-CO .
- Salt-Lake-City-UT increased + 33.67% from 1994 to the end of 1996
- Ogden-Clearfield-UT increased + 32.69% from 1994 to the end of 1996
- Provo-Orem-UT increased + 30.79% from 1994 to the end of 1996
- Logan-UT-ID increased + 29.11% from 1994 to the end of 1996
- Pueblo-CO increased + 27.92% from 1994 to the end of 1996
In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .
- Binghamton-NY decreased by - 13.28% between 1994 and 1996
- Kingston-NY decreased by - 11.87% between 1994 and 1996
- Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
- Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
- Honolulu-HI decreased by - 9.66% between 1994 and 1996
Zip Code in MSA: 48103 - ANN ARBOR, MI
MSA Pop: 338562Zip Pop: 49086
Avg Value: 188600
County: WASHTENAW
Elev: 802
Region: Midwest
Lat: 42.27078
Long: -83.80866