Real Estate Appreciation for Ann Arbor, Michigan: + 12.57%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Ann Arbor, Michigan: + 12.57%
- State of MI: + 14.26%
- Difference: - 11.87%
Ann-Arbor-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 108.43 | + 1.76% | + 7.06% |
| 1996 | 3 | 110.52 | + 1.93% | + 7.71% |
| 1996 | 4 | 111.76 | + 1.12% | + 4.49% |
| 1997 | 1 | 114.08 | + 2.08% | + 8.30% |
| 1997 | 2 | 116.24 | + 1.89% | + 7.57% |
| 1997 | 3 | 118.64 | + 2.06% | + 8.26% |
| 1997 | 4 | 119.94 | + 1.10% | + 4.38% |
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 Ann Arbor, Michigan 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 Ann Arbor, Michigan.
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 $93,000.00 in 1996, you could multiply by + 12.57%, add the gain and see the home should be worth $104,687.19 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 1996 to 1997:
+ 6.28%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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