Real Estate Appreciation for Bay City, Michigan: + 3.19%
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 + 3.19% (+ 1.59% yearly).
All of the property in MI averaged + 1.41% change in value (+ 0.71% yearly).
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Bay City, Michigan include real estate investment .
Lets look at Auburn, Michigan, a city located in Bay City, Michigan MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Michigan check out Spec-Loan.com
If you were going to do a Auburn, Michigan Refinance, or Auburn, Michigan Reverse Mortgages, you could estimate your home value.
If you knew your Auburn, Michigan home was worth $111,000.00 in 2005, you could multiply by + 3.19%, add the gain and see the home should be worth $114,540.42 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 2005 to 2006:
+ 1.59%
Appreciation Comparisons
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
The top 5 performing MSAs from 2005 to 2006 were Bend-OR, Boise-City-Nampa-ID, Phoenix-Mesa-Scottdale-AZ, Naples-Marco-Island-FL, and Ocala-FL .
- Bend-OR increased + 52.68% from 2005 to the end of 2006
- Boise-City-Nampa-ID increased + 43.68% from 2005 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 43.40% from 2005 to the end of 2006
- Naples-Marco-Island-FL increased + 41.08% from 2005 to the end of 2006
- Ocala-FL increased + 40.98% from 2005 to the end of 2006
Zip Code in MSA: 48611 - AUBURN, MI
MSA Pop: 109452Zip Pop: 5884
Avg Value: 98300
County: BAY
Elev: 594
Region: Midwest
Lat: 43.618219
Long: -84.088957