Real Estate Appreciation for Ann Arbor, Michigan: + 8.27%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Ann Arbor, Michigan MSA appreciated + 8.27% (+ 4.13% yearly) between 2003 and the end of 2004.
The state of MI had + 7.77% total appreciation (+ 3.88% yearly).
The Ann Arbor, Michigan MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 6.46% faster than the state as a whole.
Ann-Arbor-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 170.19 | + 0.82% | + 3.27% |
| 2003 | 3 | 171.4 | + 0.71% | + 2.84% |
| 2003 | 4 | 174.68 | + 1.91% | + 7.65% |
| 2004 | 1 | 175.3 | + 0.35% | + 1.42% |
| 2004 | 2 | 178.49 | + 1.82% | + 7.28% |
| 2004 | 3 | 181.7 | + 1.80% | + 7.19% |
| 2004 | 4 | 182.77 | + 0.59% | + 2.36% |
There are a lot of ways to use the appreciation data for Ann Arbor, Michigan .
Lets look at Ann Arbor, Michigan, a city located in Ann Arbor, Michigan MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Ann Arbor, Michigan 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 $107,000.00 in 2003, you could multiply by + 8.27%, add the gain and see the home should be worth $115,848.53 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 2003 to 2004:
+ 4.13%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .
- Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
- Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
- Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
- Madera-CA increased + 48.31% from 2003 to the end of 2004
- Fresno-CA increased + 47.99% from 2003 to the end of 2004
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