Real Estate Appreciation for Battle Creek, Michigan: + 6.71%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Battle Creek, Michigan MSA appreciation it was + 6.71% (+ 2.24% yearly) from 2004 to 2006.
During the same time period, MI had + 6.25% (+ 2.08% yearly).
You can see that the Battle Creek, Michigan MSA experienced higher appreciation in this case.
Battle-Creek-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 168.05 | + 0.89% | + 3.58% |
| 2004 | 3 | 168.92 | + 0.52% | + 2.07% |
| 2004 | 4 | 173.34 | + 2.62% | + 10.47% |
| 2005 | 1 | 174.93 | + 0.92% | + 3.67% |
| 2005 | 2 | 171.94 | - 1.71% | - 6.84% |
| 2005 | 3 | 175.28 | + 1.94% | + 7.77% |
| 2005 | 4 | 178.06 | + 1.59% | + 6.34% |
| 2006 | 1 | 179.18 | + 0.63% | + 2.52% |
| 2006 | 2 | 178.29 | - 0.50% | - 1.99% |
| 2006 | 3 | 178.08 | - 0.12% | - 0.47% |
| 2006 | 4 | 177.74 | - 0.19% | - 0.76% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Battle-Creek-MI here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Michigan, you can do some research at Spec-Loan.com.
If you were going to do a Battle Creek, Michigan Refinance, or Battle Creek, Michigan Reverse Mortgages, you could estimate your home value.
If you knew your Battle Creek, Michigan home was worth $110,000.00 in 2004, you could multiply by + 6.71%, add the gain and see the home should be worth $117,383.53 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Battle-Creek-MI from 2004 to 2006:
+ 2.24%
Appreciation Comparisons
The worst 5 MSAs from 2004 to 2006 were Saginaw-Saginaw-Township-North-MI, Kokomo-IN, Anderson-IN, Muncie-IN, and Lafayette-IN .
- Saginaw-Saginaw-Township-North-MI only increased + 0.82% between 2004 and 2006
- Kokomo-IN only increased + 0.99% between 2004 and 2006
- Anderson-IN only increased + 2.08% between 2004 and 2006
- Muncie-IN only increased + 2.23% between 2004 and 2006
- Lafayette-IN only increased + 2.44% between 2004 and 2006
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 49014 - BATTLE CREEK, MI
MSA Pop: 138854Zip Pop: 22869
Avg Value: 82700
County: CALHOUN
Elev: 898
Region: Midwest
Lat: 42.31024
Long: -85.10598