Real Estate Appreciation for Birmingham Hoover, Alabama: + 19.35%
Appreciation for MSAs:.
Let's start by comparing Birmingham Hoover, Alabama 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 + 19.35% (+ 4.84% yearly) for the Birmingham Hoover, Alabama MSA.
The entire state of AL had + 16.09% appreciation (+ 4.02% yearly).
The Birmingham Hoover, Alabama MSA beat out the state. by + 20.23% appreciation.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1992 | 2 | 87.82 | + 0.00% | + 0.00% |
| 1992 | 3 | 89.43 | + 1.83% | + 7.33% |
| 1992 | 4 | 89.99 | + 0.63% | + 2.50% |
| 1993 | 1 | 90.78 | + 0.88% | + 3.51% |
| 1993 | 2 | 91.77 | + 1.09% | + 4.36% |
| 1993 | 3 | 93.93 | + 2.35% | + 9.41% |
| 1993 | 4 | 94.86 | + 0.99% | + 3.96% |
| 1994 | 1 | 95.73 | + 0.92% | + 3.67% |
| 1994 | 2 | 98.12 | + 2.50% | + 9.99% |
| 1994 | 3 | 98.25 | + 0.13% | + 0.53% |
| 1994 | 4 | 99.36 | + 1.13% | + 4.52% |
| 1995 | 1 | 100 | + 0.64% | + 2.58% |
| 1995 | 2 | 101.99 | + 1.99% | + 7.96% |
| 1995 | 3 | 103.89 | + 1.86% | + 7.45% |
| 1995 | 4 | 104.81 | + 0.89% | + 3.54% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Birmingham-Hoover-AL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Alabama, you can do some research at Spec-Loan.com.
If you were going to do a Adamsville, Alabama Refinance, or Adamsville, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Adamsville, Alabama home was worth $87,000.00 in 1992, you could multiply by + 19.35%, add the gain and see the home should be worth $103,831.36 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1992 to 1995:
+ 4.84%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
Zip Code in MSA: 35005 - ADAMSVILLE, AL
MSA Pop: 1072646Zip Pop: 8985
Avg Value: 76600
County: JEFFERSON
Elev: 600
Region: South
Lat: 33.590768
Long: -86.961908