Real Estate Appreciation for Auburn Opelika, Alabama: + 23.40%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Auburn Opelika, Alabama MSA appreciated + 23.40% (+ 7.80% yearly) between 2003 and the end of 2005.
The state of AL had + 17.75% total appreciation (+ 5.92% yearly).
The Auburn Opelika, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 31.86% faster than the state as a whole.
Auburn-Opelika-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 141.07 | + 1.48% | + 5.93% |
| 2003 | 3 | 141.3 | + 0.16% | + 0.65% |
| 2003 | 4 | 144.85 | + 2.51% | + 10.05% |
| 2004 | 1 | 145.48 | + 0.43% | + 1.74% |
| 2004 | 2 | 149.67 | + 2.88% | + 11.52% |
| 2004 | 3 | 154.09 | + 2.95% | + 11.81% |
| 2004 | 4 | 157.22 | + 2.03% | + 8.13% |
| 2005 | 1 | 162.35 | + 3.26% | + 13.05% |
| 2005 | 2 | 165 | + 1.63% | + 6.53% |
| 2005 | 3 | 169.6 | + 2.79% | + 11.15% |
| 2005 | 4 | 171.54 | + 1.14% | + 4.58% |
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 2003, you could multiply by + 23.40%, add the gain and see the home should be worth $133,273.29 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 2003 to 2005:
+ 7.80%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005
Zip Code in MSA: 36802 - OPELIKA, AL
MSA Pop: 119561Zip Pop: 0
Avg Value: 0
County: LEE
Elev: 822
Region: South
Lat: 32.59567
Long: -85.317939