Real Estate Appreciation for Auburn Opelika, Alabama: + 35.69%
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 + 35.69% (+ 8.92% yearly) between 2003 and the end of 2006.
The state of AL had + 24.75% total appreciation (+ 6.19% yearly).
The Auburn Opelika, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 44.19% 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% |
| 2006 | 1 | 176.35 | + 2.80% | + 11.22% |
| 2006 | 2 | 177.78 | + 0.81% | + 3.24% |
| 2006 | 3 | 182.23 | + 2.50% | + 10.01% |
| 2006 | 4 | 188.62 | + 3.51% | + 14.03% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Opelika, Alabama click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Auburn Opelika, Alabama.
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 $109,000.00 in 2003, you could multiply by + 35.69%, add the gain and see the home should be worth $147,900.01 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 2003 to 2006:
+ 8.92%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2006 were Bakersfield-CA, Visalia-Porterville-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +110.89% from 2003 to the end of 2006
- Visalia-Porterville-CA increased +101.32% from 2003 to the end of 2006
- Madera-CA increased +100.36% from 2003 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +100.03% from 2003 to the end of 2006
- Naples-Marco-Island-FL increased + 99.23% from 2003 to the end of 2006
In contrast, the worst 5 MSAs from 2003 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .
- Kokomo-IN only increased + 2.97% between 2003 and 2006
- Anderson-IN only increased + 3.19% between 2003 and 2006
- Lafayette-IN only increased + 5.02% between 2003 and 2006
- Saginaw-Saginaw-Township-North-MI only increased + 5.27% between 2003 and 2006
- Muncie-IN only increased + 6.15% between 2003 and 2006
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