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 + 59.25% (+ 5.39% yearly) between 1993 and the end of 2003.

The state of AL had + 49.92% total appreciation (+ 4.54% yearly). The Birmingham Hoover, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 18.69% faster than the state as a whole.

Birmingham-Hoover-AL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Lets look at Bessemer, Alabama, a city located in Birmingham Hoover, Alabama MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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 $96,000.00 in 1993, you could multiply by + 59.25%, add the gain and see the home should be worth $152,883.01 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1993 to 2003:
+ 5.39%

Appreciation Comparisons

The top 5 performing MSAs from 1993 to 2003 were Barnstable-Town-MA, Denver-Aurora-CO, Boulder-CO, Fort-Collins-Loveland-CO, and Salinas-CA .

  1. Barnstable-Town-MA increased +148.94% from 1993 to the end of 2003
  2. Denver-Aurora-CO increased +122.85% from 1993 to the end of 2003
  3. Boulder-CO increased +122.44% from 1993 to the end of 2003
  4. Fort-Collins-Loveland-CO increased +119.70% from 1993 to the end of 2003
  5. Salinas-CA increased +118.69% from 1993 to the end of 2003

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