Real Estate Appreciation for Auburn Opelika, Alabama: + 15.54%
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 + 15.54% (+ 3.89% yearly) between 1993 and the end of 1996.
The state of AL had + 15.50% total appreciation (+ 3.88% yearly).
The Auburn Opelika, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 0.23% 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% |
| 1996 | 1 | 106.65 | + 0.11% | + 0.45% |
| 1996 | 2 | 107.47 | + 0.77% | + 3.08% |
| 1996 | 3 | 109.05 | + 1.47% | + 5.88% |
| 1996 | 4 | 106.76 | - 2.10% | - 8.40% |
There are a lot of ways to use the appreciation data for Auburn Opelika, Alabama .
Lets look at Opelika, Alabama, a city located in Auburn Opelika, Alabama 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 Opelika, Alabama 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 $89,000.00 in 1993, you could multiply by + 15.54%, add the gain and see the home should be worth $102,831.60 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1993 to 1996:
+ 3.89%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 36803 - OPELIKA, AL
MSA Pop: 119561Zip Pop: 0
Avg Value: 0
County: LEE
Elev: 822
Region: South
Lat: 32.64498
Long: -85.37418