Real Estate Appreciation for Ann Arbor, Michigan: + 50.45%
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: + 50.45%
- State of MI: + 42.53%
- Difference: + 18.62%
Ann-Arbor-MI
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Ann-Arbor-MI here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Michigan, you can do some research at 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 $102,000.00 in 1998, you could multiply by + 50.45%, add the gain and see the home should be worth $153,461.80 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 1998 to 2004:
+ 7.21%
Appreciation Comparisons
The top 5 performing MSAs from 1998 to 2004 were San-Diego-Carlsbad-San-Marcos-CA, Salinas-CA, Napa-CA, Barnstable-Town-MA, and Vallejo-Fairfield-CA .
- San-Diego-Carlsbad-San-Marcos-CA increased +167.66% from 1998 to the end of 2004
- Salinas-CA increased +167.48% from 1998 to the end of 2004
- Napa-CA increased +152.43% from 1998 to the end of 2004
- Barnstable-Town-MA increased +150.37% from 1998 to the end of 2004
- Vallejo-Fairfield-CA increased +149.77% from 1998 to the end of 2004
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