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 + 11.52% (+ 3.84% yearly).

All of the property in AL averaged + 10.63% change in value (+ 3.54% 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%
1999 1 119.44 + 1.07% + 4.30%
1999 2 121.3 + 1.56% + 6.23%
1999 3 123.48 + 1.80% + 7.19%
1999 4 122.84 - 0.52% - 2.07%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Opelika, Alabama click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Auburn Opelika, Alabama.

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 $96,000.00 in 1997, you could multiply by + 11.52%, add the gain and see the home should be worth $107,059.83 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1997 to 1999:
+ 3.84%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  2. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 36802 - OPELIKA, AL

MSA Pop: 119561
Zip Pop: 0
Avg Value: 0
County: LEE
Elev: 822
Region: South
Lat: 32.59567
Long: -85.317939