Real Estate Appreciation for Auburn Opelika, Alabama: + 10.74%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Auburn Opelika, Alabama MSA appreciated + 10.74% (+ 5.37% yearly) between 1993 and the end of 1994.
The state of AL had + 6.21% total appreciation (+ 3.11% yearly).
The Auburn Opelika, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 72.81% faster than the state as a whole.
Auburn-Opelika-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 94.43 | + 2.20% | + 8.79% |
| 1993 | 3 | 95.55 | + 1.19% | + 4.74% |
| 1993 | 4 | 95.99 | + 0.46% | + 1.84% |
| 1994 | 1 | 95.87 | - 0.13% | - 0.50% |
| 1994 | 2 | 99.6 | + 3.89% | + 15.56% |
| 1994 | 3 | 98.95 | - 0.65% | - 2.61% |
| 1994 | 4 | 102.32 | + 3.41% | + 13.62% |
Lets look at Opelika, Alabama, a city located in Auburn Opelika, Alabama MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Opelika, Alabama Refinance, or Opelika, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Opelika, Alabama home was worth $87,000.00 in 1993, you could multiply by + 10.74%, add the gain and see the home should be worth $96,340.26 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1993 to 1994:
+ 5.37%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
Zip Code in MSA: 36801 - OPELIKA, AL
MSA Pop: 119561Zip Pop: 20523
Avg Value: 83600
County: LEE
Elev: 822
Region: South
Lat: 32.639331
Long: -85.382302