Real Estate Appreciation for Auburn Opelika, Alabama: + 16.18%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Auburn Opelika, Alabama did compared to the state as a whole.
The Auburn Opelika, Alabama MSA property value change was + 16.18% (+ 8.09% yearly).
All of the property in AL averaged + 14.00% change in value (+ 7.00% yearly).
Auburn-Opelika-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $111,000.00 in 2005, you could multiply by + 16.18%, add the gain and see the home should be worth $128,961.01 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Auburn-Opelika-AL from 2005 to 2006:
+ 8.09%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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