Real Estate Appreciation for Birmingham Hoover, Alabama: + 19.33%
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 + 19.33% (+ 4.83% yearly) between 1993 and the end of 1996.
The state of AL had + 15.50% total appreciation (+ 3.88% yearly).
The Birmingham Hoover, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 24.69% 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% |
| 1996 | 1 | 106.79 | + 1.89% | + 7.56% |
| 1996 | 2 | 106.56 | - 0.22% | - 0.86% |
| 1996 | 3 | 106.45 | - 0.10% | - 0.41% |
| 1996 | 4 | 108.33 | + 1.77% | + 7.06% |
There are a lot of ways to use the appreciation data for Birmingham Hoover, Alabama .
Lets look at Adamsville, Alabama, a city located in Birmingham Hoover, Alabama MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Adamsville, Alabama check out 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 $89,000.00 in 1993, you could multiply by + 19.33%, add the gain and see the home should be worth $106,205.88 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1993 to 1996:
+ 4.83%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
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