Real Estate Appreciation for Baton Rouge, Lousiana: + 49.45%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Baton Rouge, Lousiana MSA appreciation it was + 49.45% (+ 4.94% yearly) from 1994 to 2003.
During the same time period, LA had + 56.07% (+ 5.61% yearly).
From 1994 to 2003, Lousiana outperformed the individual Baton Rouge, Lousiana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Baton-Rouge-LA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation
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 Springfield, Lousiana 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 Baton Rouge, Lousiana.
If you were going to do a Springfield, Lousiana Refinance, or Springfield, Lousiana Reverse Mortgages, you could estimate your home value.
If you knew your Springfield, Lousiana home was worth $97,000.00 in 1994, you could multiply by + 49.45%, add the gain and see the home should be worth $144,965.37 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Baton-Rouge-LA from 1994 to 2003:
+ 4.94%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1994 to 2003 were Honolulu-HI, Binghamton-NY, Elmira-NY, Rochester-NY, and Buffalo-Niagara-Falls-NY .
- Honolulu-HI only increased + 13.60% between 1994 and 2003
- Binghamton-NY only increased + 15.15% between 1994 and 2003
- Elmira-NY only increased + 18.18% between 1994 and 2003
- Rochester-NY only increased + 18.55% between 1994 and 2003
- Buffalo-Niagara-Falls-NY only increased + 19.11% between 1994 and 2003
The worst perfoming MSAs ever for a 10 year period, were Midland-TX, Midland-TX, Lafayette-LA, Midland-TX, and Lafayette-LA .
- Midland-TX lost - 34.73% from 1982 to 1991
- Midland-TX lost - 31.11% from 1983 thru 1992
- Lafayette-LA lost - 22.75% from 1982 thru 1991
- Midland-TX lost - 22.05% from 1984 thru 1993
- Lafayette-LA lost - 21.25% from 1983 thru 1992
Zip Code in MSA: 70462 - SPRINGFIELD, LA
MSA Pop: 722646Zip Pop: 4408
Avg Value: 68000
County: LIVINGSTON
Elev: 44
Region: South
Lat: 30.384236
Long: -90.573202