Real Estate Appreciation for Bay City, Michigan: + 9.23%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bay City, Michigan MSA appreciated + 9.23% (+ 3.08% yearly) between 2003 and the end of 2005.
The state of MI had + 11.52% total appreciation (+ 3.84% 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 than the state as a whole. The state appreaciated + 24.80% faster than this MSA.
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $108,000.00 in 2003, you could multiply by + 9.23%, add the gain and see the home should be worth $117,972.90 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 2003 to 2005:
+ 3.08%
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 2003 to 2005 were 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 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 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