Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Auburn Opelika, Alabama did compared to the state as a whole.

The Auburn Opelika, Alabama MSA property value change was + 7.28% (+ 3.64% yearly).

All of the property in AL averaged + 8.82% change in value (+ 4.41% yearly).

Auburn-Opelika-AL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 112.44 + 2.08% + 8.32%
1997 3 112.98 + 0.48% + 1.92%
1997 4 114.27 + 1.14% + 4.57%
1998 1 115.08 + 0.71% + 2.84%
1998 2 115.04 - 0.03% - 0.14%
1998 3 117.83 + 2.43% + 9.70%
1998 4 118.17 + 0.29% + 1.15%


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 $95,000.00 in 1997, you could multiply by + 7.28%, add the gain and see the home should be worth $101,916.93 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1997 to 1998:
+ 3.64%

Appreciation Comparisons

The worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .

  1. Honolulu-HI decreased by - 3.48% between 1997 and 1998
  2. Williamsport-PA decreased by - 0.05% between 1997 and 1998
  3. Ithaca-NY only increased + 1.04% between 1997 and 1998
  4. Utica-Rome-NY only increased + 1.56% between 1997 and 1998
  5. Pittsfield-MA only increased + 2.16% between 1997 and 1998

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 .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 36801 - OPELIKA, AL

MSA Pop: 119561
Zip Pop: 20523
Avg Value: 83600
County: LEE
Elev: 822
Region: South
Lat: 32.639331
Long: -85.382302