Real Estate Appreciation for Birmingham Hoover, Alabama: + 82.12%
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 + 82.12% (+ 6.32% yearly) between 1993 and the end of 2005.
The state of AL had + 72.66% total appreciation (+ 5.59% yearly).
The Birmingham Hoover, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 13.03% faster than the state as a whole.
Birmingham-Hoover-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Birmingham Hoover, Alabama include real estate investment .
Lets look at Bessemer, Alabama, a city located in Birmingham Hoover, Alabama MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Alabama 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 $98,000.00 in 1993, you could multiply by + 82.12%, add the gain and see the home should be worth $178,479.18 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1993 to 2005:
+ 6.32%
Appreciation Comparisons
For a 13 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Honolulu-HI, and Santa-Rosa-Petaluma-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +365.89% from 1977 thru 1989
- San-Jose-Sunnyvale-Santa-Clara-CA increased +354.74% from 1976 thru 1988
- Oxnard-Thousand-Oaks-Ventura-CA increased +346.24% from 1977 thru 1989
- Honolulu-HI increased +322.63% from 1978 thru 1990
- Santa-Rosa-Petaluma-CA increased +285.59% from 1977 thru 1989
Zip Code in MSA: 35022 - BESSEMER, AL
MSA Pop: 1072646Zip Pop: 14042
Avg Value: 93800
County: JEFFERSON
Elev: 600
Region: South
Lat: 33.34169
Long: -86.96204