Real Estate Appreciation for Ann Arbor, Michigan: + 67.27%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Ann Arbor, Michigan did compared to the state as a whole.
The Ann Arbor, Michigan MSA property value change was + 67.27% (+ 8.41% yearly).
All of the property in MI averaged + 62.83% change in value (+ 7.85% yearly).
Ann-Arbor-MI
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $97,000.00 in 1995, you could multiply by + 67.27%, add the gain and see the home should be worth $162,251.90 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 1995 to 2002:
+ 8.41%
Appreciation Comparisons
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
The top 5 performing MSAs from 1995 to 2002 were Barnstable-Town-MA, San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Luis-Obispo-Paso-Robles-CA, and Napa-CA .
- Barnstable-Town-MA increased +119.52% from 1995 to the end of 2002
- San-Jose-Sunnyvale-Santa-Clara-CA increased +114.76% from 1995 to the end of 2002
- Santa-Cruz-Watsonville-CA increased +106.13% from 1995 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased +101.11% from 1995 to the end of 2002
- Napa-CA increased + 96.27% from 1995 to the end of 2002
Zip Code in MSA: 48104 - ANN ARBOR, MI
MSA Pop: 338562Zip Pop: 42557
Avg Value: 197700
County: WASHTENAW
Elev: 802
Region: Midwest
Lat: 42.259863
Long: -83.719897