Real Estate Appreciation for Auburn Opelika, Alabama: + 17.91%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Auburn Opelika, Alabama MSA appreciation it was + 17.91% (+ 8.96% yearly) from 2004 to 2005.
During the same time period, AL had + 13.92% (+ 6.96% yearly).
You can see that the Auburn Opelika, Alabama MSA experienced higher appreciation in this case.
Auburn-Opelika-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 2004, you could multiply by + 17.91%, add the gain and see the home should be worth $128,525.30 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 2004 to 2005:
+ 8.96%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2005 were Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 to the end of 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
- Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005
Zip Code in MSA: 36801 - OPELIKA, AL
MSA Pop: 119561Zip Pop: 20523
Avg Value: 83600
County: LEE
Elev: 822
Region: South
Lat: 32.639331
Long: -85.382302