Real Estate Appreciation for Bakersfield, California: - 8.38%
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 - 8.38% (- 2.10% yearly) between 1993 and the end of 1996.
The state of CA had - 8.12% total appreciation (- 2.03% yearly).
The state average for California was higher than the real estate appreciation in the Bakersfield, California MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated - 3.16% faster than this MSA.
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% |
| 1995 | 1 | 100 | - 0.89% | - 3.57% |
| 1995 | 2 | 100.71 | + 0.71% | + 2.84% |
| 1995 | 3 | 102.17 | + 1.45% | + 5.80% |
| 1995 | 4 | 101.72 | - 0.44% | - 1.76% |
| 1996 | 1 | 103.21 | + 1.46% | + 5.86% |
| 1996 | 2 | 100.03 | - 3.08% | - 12.32% |
| 1996 | 3 | 98.72 | - 1.31% | - 5.24% |
| 1996 | 4 | 99.67 | + 0.96% | + 3.85% |
There are a lot of ways to use the appreciation data for Bakersfield, California .
Lets look at Bodfish, 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 Bodfish, California check out Spec-Loan.com
If you were going to do a Bodfish, California Refinance, or Bodfish, California Reverse Mortgages, you could estimate your home value.
If you knew your Bodfish, California home was worth $89,000.00 in 1993, you could multiply by - 8.38%, add the gain and see the home should be worth $81,539.02 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bakersfield-CA from 1993 to 1996:
- 2.10%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 93205 - BODFISH, CA
MSA Pop: 713087Zip Pop: 1951
Avg Value: 59400
County: KERN
Elev: 408
Region: West
Lat: 35.58175
Long: -118.480921