Appreciation for MSAs:.

Let's start by comparing Ann Arbor, Michigan to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 8.00% (+ 4.00% yearly) for the Ann Arbor, Michigan MSA.

The entire state of MI had + 6.82% appreciation (+ 3.41% yearly). The Ann Arbor, Michigan MSA beat out the state. by + 17.35% appreciation.

Ann-Arbor-MI

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 164.31 + 1.59% + 6.36%
2002 3 165.9 + 0.97% + 3.87%
2002 4 167.27 + 0.83% + 3.30%
2003 1 168.81 + 0.92% + 3.68%
2003 2 170.19 + 0.82% + 3.27%
2003 3 171.4 + 0.71% + 2.84%
2003 4 174.68 + 1.91% + 7.65%


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 $105,000.00 in 2002, you could multiply by + 8.00%, add the gain and see the home should be worth $113,400.52 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 2002 to 2003:
+ 4.00%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 48103 - ANN ARBOR, MI

MSA Pop: 338562
Zip Pop: 49086
Avg Value: 188600
County: WASHTENAW
Elev: 802
Region: Midwest
Lat: 42.27078
Long: -83.80866