Home Equity Appreciation for Bay City, Michigan: + 12.97%
Appreciation for MSAs:.
Let's start by comparing Bay City, Michigan to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 12.97% (+ 3.24% yearly) for the Bay City, Michigan MSA.
The entire state of MI had + 15.44% appreciation (+ 3.86% yearly).
The state average for Michigan was higher than the real estate appreciation in the Bay City, Michigan MSA. This means the conditions in the MSA for real estate investment were worse by + 18.96%.
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 158.6 | + 0.58% | + 2.31% |
| 2002 | 3 | 161.06 | + 1.55% | + 6.20% |
| 2002 | 4 | 162.78 | + 1.07% | + 4.27% |
| 2003 | 1 | 163.09 | + 0.19% | + 0.76% |
| 2003 | 2 | 166.47 | + 2.07% | + 8.29% |
| 2003 | 3 | 166.39 | - 0.05% | - 0.19% |
| 2003 | 4 | 169.38 | + 1.80% | + 7.19% |
| 2004 | 1 | 169.43 | + 0.03% | + 0.12% |
| 2004 | 2 | 171.76 | + 1.38% | + 5.50% |
| 2004 | 3 | 170.02 | - 1.01% | - 4.05% |
| 2004 | 4 | 178.02 | + 4.71% | + 18.82% |
| 2005 | 1 | 177.14 | - 0.49% | - 1.98% |
| 2005 | 2 | 178.66 | + 0.86% | + 3.43% |
| 2005 | 3 | 180.91 | + 1.26% | + 5.04% |
| 2005 | 4 | 178.15 | - 1.53% | - 6.10% |
There are a lot of ways to use the appreciation data for Bay City, Michigan .
Lets look at Bentley, Michigan, a city located in Bay City, Michigan 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 Bentley, Michigan check out Spec-Loan.com
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 $107,000.00 in 2002, you could multiply by + 12.97%, add the gain and see the home should be worth $120,883.06 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 2002 to 2005:
+ 3.24%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
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