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 + 21.27% (+ 4.25% yearly) for the period between 1999 and the end of 2003.

The state had + 17.82% total appreciation (+ 3.56% 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

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Auburn-Opelika-AL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Alabama, you can do some research 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 $102,000.00 in 1999, you could multiply by + 21.27%, add the gain and see the home should be worth $123,699.77 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 1999 to 2003:
+ 4.25%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2003 were Barnstable-Town-MA, Napa-CA, San-Luis-Obispo-Paso-Robles-CA, Vallejo-Fairfield-CA, and Salinas-CA .

  1. Barnstable-Town-MA increased +102.31% from 1999 to the end of 2003
  2. Napa-CA increased + 97.58% from 1999 to the end of 2003
  3. San-Luis-Obispo-Paso-Robles-CA increased + 94.52% from 1999 to the end of 2003
  4. Vallejo-Fairfield-CA increased + 94.15% from 1999 to the end of 2003
  5. Salinas-CA increased + 91.44% from 1999 to the end of 2003

In contrast, the worst 5 MSAs from 1999 to 2003 were Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, Florence-Muscle-Shoals-AL, and Fayetteville-NC .

  1. Ogden-Clearfield-UT only increased + 5.34% between 1999 and 2003
  2. Provo-Orem-UT only increased + 8.03% between 1999 and 2003
  3. Logan-UT-ID only increased + 8.08% between 1999 and 2003
  4. Florence-Muscle-Shoals-AL only increased + 8.72% between 1999 and 2003
  5. Fayetteville-NC only increased + 8.89% between 1999 and 2003

Zip Code in MSA: 36804 - OPELIKA, AL

MSA Pop: 119561
Zip Pop: 15401
Avg Value: 65600
County: LEE
Elev: 822
Region: South
Lat: 32.6542
Long: -85.378805