Real Estate Appreciation for Bay City, Michigan: + 7.89%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Bay City, Michigan MSA appreciation it was + 7.89% (+ 2.63% yearly) from 2004 to 2006.
During the same time period, MI had + 6.25% (+ 2.08% yearly).
You can see that the Bay City, Michigan MSA experienced higher appreciation in this case.
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 184.87 | + 3.77% | + 15.09% |
| 2006 | 2 | 180.77 | - 2.22% | - 8.87% |
| 2006 | 3 | 178.88 | - 1.05% | - 4.18% |
| 2006 | 4 | 182.79 | + 2.19% | + 8.74% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $110,000.00 in 2004, you could multiply by + 7.89%, add the gain and see the home should be worth $118,673.79 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 2004 to 2006:
+ 2.63%
Appreciation Comparisons
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: 48613 - BENTLEY, MI
MSA Pop: 109452Zip Pop: 1129
Avg Value: 69000
County: BAY
Elev: 594
Region: Midwest
Lat: 43.936029
Long: -84.115118