Real Estate Appreciation for Bay City, Michigan: + 17.18%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Bay City, Michigan did compared to the state as a whole.
The Bay City, Michigan MSA property value change was + 17.18% (+ 5.73% yearly).
All of the property in MI averaged + 19.52% change in value (+ 6.51% yearly).
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 134.31 | + 1.51% | + 6.05% |
| 1999 | 2 | 136.04 | + 1.29% | + 5.15% |
| 1999 | 3 | 137.43 | + 1.02% | + 4.09% |
| 1999 | 4 | 138.65 | + 0.89% | + 3.55% |
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 Bentley, Michigan 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 Bay City, Michigan.
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 $96,000.00 in 1997, you could multiply by + 17.18%, add the gain and see the home should be worth $112,494.93 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 1997 to 1999:
+ 5.73%
Appreciation Comparisons
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
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
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