Real Estate Appreciation for Auburn Opelika, Alabama: + 15.29%
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 + 15.29% (+ 5.10% yearly) between 1993 and the end of 1995.
The state of AL had + 12.10% total appreciation (+ 4.03% yearly).
The Auburn Opelika, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 26.36% 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% |
| 1995 | 1 | 100 | - 2.27% | - 9.07% |
| 1995 | 2 | 103.05 | + 3.05% | + 12.20% |
| 1995 | 3 | 104.93 | + 1.82% | + 7.30% |
| 1995 | 4 | 106.53 | + 1.52% | + 6.10% |
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 Opelika, Alabama Refinance, or Opelika, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Opelika, Alabama home was worth $88,000.00 in 1993, you could multiply by + 15.29%, add the gain and see the home should be worth $101,457.14 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1993 to 1995:
+ 5.10%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
In contrast, the worst 5 MSAs from 1993 to 1995 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 12.41% between 1993 and 1995
- Binghamton-NY decreased by - 10.14% between 1993 and 1995
- Kingston-NY decreased by - 9.24% between 1993 and 1995
- Utica-Rome-NY decreased by - 9.14% between 1993 and 1995
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 7.65% between 1993 and 1995
Zip Code in MSA: 36802 - OPELIKA, AL
MSA Pop: 119561Zip Pop: 0
Avg Value: 0
County: LEE
Elev: 822
Region: South
Lat: 32.59567
Long: -85.317939