Real Estate Appreciation for Auburn Opelika, Alabama: + 31.50%
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 + 31.50% (+ 4.50% yearly).
All of the property in AL averaged + 28.62% change in value (+ 4.09% yearly).
Auburn-Opelika-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
Lets look at Auburn, 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 Auburn, Alabama Refinance, or Auburn, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Auburn, Alabama home was worth $100,000.00 in 1997, you could multiply by + 31.50%, add the gain and see the home should be worth $131,502.50 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1997 to 2003:
+ 4.50%
Appreciation Comparisons
The worst 5 MSAs from 1997 to 2003 were Springfield-IL, Wenatchee-WA, Lewiston-ID-WA, Fayetteville-NC, and Ogden-Clearfield-UT .
- Springfield-IL only increased + 14.58% between 1997 and 2003
- Wenatchee-WA only increased + 14.71% between 1997 and 2003
- Lewiston-ID-WA only increased + 15.12% between 1997 and 2003
- Fayetteville-NC only increased + 15.26% between 1997 and 2003
- Ogden-Clearfield-UT only increased + 15.70% between 1997 and 2003
For a 7 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Merced-CA, Naples-Marco-Island-FL, and Vallejo-Fairfield-CA .
- Salinas-CA increased +208.13% from 1999 thru 2005
- Springfield-MA increased +199.02% from 1981 thru 1987
- Merced-CA increased +193.70% from 1999 thru 2005
- Naples-Marco-Island-FL increased +186.53% from 1999 thru 2005
- Vallejo-Fairfield-CA increased +185.64% from 1999 thru 2005
The worst perfoming MSAs ever for a 7 year period, were Lafayette-LA, Casper-WY, Midland-TX, Lafayette-LA, and Midland-TX .
- Lafayette-LA lost - 40.40% from 1982 to 1988
- Casper-WY lost - 35.78% from 1983 thru 1989
- Midland-TX lost - 32.81% from 1983 thru 1989
- Lafayette-LA lost - 32.70% from 1983 thru 1989
- Midland-TX lost - 31.48% from 1982 thru 1988
Zip Code in MSA: 36830 - AUBURN, AL
MSA Pop: 119561Zip Pop: 27176
Avg Value: 126900
County: LEE
Elev: 822
Region: South
Lat: 32.600699
Long: -85.475524