Real Estate Appreciation for Auburn Opelika, Alabama: + 41.36%
Appreciation for MSAs:.
Let's start by comparing Auburn Opelika, Alabama to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 41.36% (+ 8.27% yearly) for the Auburn Opelika, Alabama MSA.
The entire state of AL had + 30.03% appreciation (+ 6.01% yearly).
The Auburn Opelika, Alabama MSA beat out the state. by + 37.73% appreciation.
Auburn-Opelika-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
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 $108,000.00 in 2002, you could multiply by + 41.36%, add the gain and see the home should be worth $152,671.51 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 2002 to 2006:
+ 8.27%
Appreciation Comparisons
The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .
- Casper-WY lost - 42.34% from 1983 to 1987
- Lafayette-LA lost - 39.59% from 1983 thru 1987
- Lafayette-LA lost - 37.20% from 1984 thru 1988
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
The top 5 performing MSAs from 2002 to 2006 were Bakersfield-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, Fresno-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +135.54% from 2002 to the end of 2006
- Madera-CA increased +131.62% from 2002 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +130.28% from 2002 to the end of 2006
- Fresno-CA increased +126.76% from 2002 to the end of 2006
- Naples-Marco-Island-FL increased +121.87% from 2002 to the end of 2006
Zip Code in MSA: 36804 - OPELIKA, AL
MSA Pop: 119561Zip Pop: 15401
Avg Value: 65600
County: LEE
Elev: 822
Region: South
Lat: 32.6542
Long: -85.378805