Real Estate Appreciation for Auburn Opelika, Alabama: + 15.61%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Auburn Opelika, Alabama MSA appreciated + 15.61% (+ 3.90% yearly) for the period between 1999 and the end of 2002.
The state had + 14.11% total appreciation (+ 3.53% yearly).
The Auburn Opelika, Alabama MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Auburn-Opelika-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 121.3 | + 1.56% | + 6.23% |
| 1999 | 3 | 123.48 | + 1.80% | + 7.19% |
| 1999 | 4 | 122.84 | - 0.52% | - 2.07% |
| 2000 | 1 | 121.1 | - 1.42% | - 5.67% |
| 2000 | 2 | 124.35 | + 2.68% | + 10.73% |
| 2000 | 3 | 126.95 | + 2.09% | + 8.36% |
| 2000 | 4 | 126.76 | - 0.15% | - 0.60% |
| 2001 | 1 | 128.76 | + 1.58% | + 6.31% |
| 2001 | 2 | 130.99 | + 1.73% | + 6.93% |
| 2001 | 3 | 131.02 | + 0.02% | + 0.09% |
| 2001 | 4 | 133.36 | + 1.79% | + 7.14% |
| 2002 | 1 | 133.43 | + 0.05% | + 0.21% |
| 2002 | 2 | 135.81 | + 1.78% | + 7.13% |
| 2002 | 3 | 136.74 | + 0.68% | + 2.74% |
| 2002 | 4 | 138.08 | + 0.98% | + 3.92% |
If you need information on Hard Money Rehab Loans in Opelika, Alabama look at 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 $101,000.00 in 1999, you could multiply by + 15.61%, add the gain and see the home should be worth $116,762.22 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1999 to 2002:
+ 3.90%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .
- Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
- Napa-CA increased + 71.93% from 1999 to the end of 2002
- Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
- Salinas-CA increased + 68.96% from 1999 to the end of 2002
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