Real Estate Appreciation for Bay City, Michigan: + 20.64%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Bay City, Michigan: + 20.64%
- State of MI: + 20.89%
- Difference: - 1.19%
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 112.44 | + 2.53% | + 10.10% |
| 1996 | 3 | 114.19 | + 1.56% | + 6.23% |
| 1996 | 4 | 116.66 | + 2.16% | + 8.65% |
| 1997 | 1 | 118.32 | + 1.42% | + 5.69% |
| 1997 | 2 | 120.24 | + 1.62% | + 6.49% |
| 1997 | 3 | 123.76 | + 2.93% | + 11.71% |
| 1997 | 4 | 125.65 | + 1.53% | + 6.11% |
| 1998 | 1 | 124.82 | - 0.66% | - 2.64% |
| 1998 | 2 | 130.16 | + 4.28% | + 17.11% |
| 1998 | 3 | 131.2 | + 0.80% | + 3.20% |
| 1998 | 4 | 132.31 | + 0.85% | + 3.38% |
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If you were going to do a Bentley, Michigan Refinance, or Bentley, Michigan Reverse Mortgages, you could estimate your home value.
If you knew your Bentley, Michigan home was worth $94,000.00 in 1996, you could multiply by + 20.64%, add the gain and see the home should be worth $113,405.12 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 1996 to 1998:
+ 6.88%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 48613 - BENTLEY, MI
MSA Pop: 109452Zip Pop: 1129
Avg Value: 69000
County: BAY
Elev: 594
Region: Midwest
Lat: 43.936029
Long: -84.115118