Real Estate Appreciation for Birmingham Hoover, Alabama: + 15.45%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Birmingham Hoover, Alabama MSA appreciated + 15.45% (+ 5.15% yearly) between 1993 and the end of 1995.
The state of AL had + 12.10% total appreciation (+ 4.03% yearly).
The Birmingham Hoover, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 27.71% faster than the state as a whole.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 Moody, Alabama Refinance, or Moody, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Moody, Alabama home was worth $88,000.00 in 1993, you could multiply by + 15.45%, add the gain and see the home should be worth $101,600.35 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1993 to 1995:
+ 5.15%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
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
Zip Code in MSA: 35004 - MOODY, AL
MSA Pop: 1072646Zip Pop: 6998
Avg Value: 91300
County: SAINT CLAIR
Elev: 570
Region: South
Lat: 33.59142
Long: -86.50002