Real Estate Appreciation for Bakersfield, California: - 7.25%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bakersfield, California MSA appreciated - 7.25% (- 3.63% yearly) between 1993 and the end of 1994.
The state of CA had - 8.36% total appreciation (- 4.18% yearly).
The Bakersfield, California MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated - 13.25% faster than the state as a whole.
Bakersfield-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 109.36 | + 0.52% | + 2.10% |
| 1993 | 3 | 108.09 | - 1.16% | - 4.65% |
| 1993 | 4 | 108.74 | + 0.60% | + 2.41% |
| 1994 | 1 | 107.46 | - 1.18% | - 4.71% |
| 1994 | 2 | 104.38 | - 2.87% | - 11.46% |
| 1994 | 3 | 103.6 | - 0.75% | - 2.99% |
| 1994 | 4 | 100.9 | - 2.61% | - 10.42% |
There are a lot of ways to use the appreciation data for Bakersfield, California .
Lets look at Arvin, California, a city located in Bakersfield, California 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 Arvin, California check out Spec-Loan.com
If you were going to do a Arvin, California Refinance, or Arvin, California Reverse Mortgages, you could estimate your home value.
If you knew your Arvin, California home was worth $87,000.00 in 1993, you could multiply by - 7.25%, add the gain and see the home should be worth $80,690.32 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bakersfield-CA from 1993 to 1994:
- 3.63%
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: 93203 - ARVIN, CA
MSA Pop: 713087Zip Pop: 16202
Avg Value: 76300
County: KERN
Elev: 408
Region: West
Lat: 35.21547
Long: -118.852521