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 + 52.12% (+ 5.21% yearly) for the Birmingham Hoover, Alabama MSA.

The entire state of AL had + 45.34% appreciation (+ 4.53% yearly). The Birmingham Hoover, Alabama MSA beat out the state. by + 14.96% appreciation.

Birmingham-Hoover-AL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
1992-1995 Quarterly Detailed Appreciation


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 Bessemer, Alabama Refinance, or Bessemer, Alabama Reverse Mortgages, you could estimate your home value.

If you knew your Bessemer, Alabama home was worth $93,000.00 in 1992, you could multiply by + 52.12%, add the gain and see the home should be worth $141,469.71 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1992 to 2001:
+ 5.21%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Midland-TX lost - 22.05% from 1984 thru 1993
  2. Lafayette-LA lost - 21.25% from 1983 thru 1992

Zip Code in MSA: 35020 - BESSEMER, AL

MSA Pop: 1072646
Zip Pop: 31627
Avg Value: 48000
County: JEFFERSON
Elev: 600
Region: South
Lat: 33.40098
Long: -86.94156