Real Estate Appreciation for Ann Arbor, Michigan: + 5.60%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Ann Arbor, Michigan MSA appreciation it was + 5.60% (+ 1.87% yearly) from 2004 to 2006.
During the same time period, MI had + 6.25% (+ 2.08% yearly).
From 2004 to 2006, Michigan outperformed the individual Ann Arbor, Michigan MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Ann-Arbor-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 178.49 | + 1.82% | + 7.28% |
| 2004 | 3 | 181.7 | + 1.80% | + 7.19% |
| 2004 | 4 | 182.77 | + 0.59% | + 2.36% |
| 2005 | 1 | 184.71 | + 1.06% | + 4.25% |
| 2005 | 2 | 188.68 | + 2.15% | + 8.60% |
| 2005 | 3 | 188.45 | - 0.12% | - 0.49% |
| 2005 | 4 | 186.67 | - 0.94% | - 3.78% |
| 2006 | 1 | 187.11 | + 0.24% | + 0.94% |
| 2006 | 2 | 184.17 | - 1.57% | - 6.29% |
| 2006 | 3 | 182.63 | - 0.84% | - 3.34% |
| 2006 | 4 | 185.12 | + 1.36% | + 5.45% |
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 $110,000.00 in 2004, you could multiply by + 5.60%, add the gain and see the home should be worth $116,162.01 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ann-Arbor-MI from 2004 to 2006:
+ 1.87%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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