Real Estate Appreciation for Birmingham Hoover, Alabama: + 13.16%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Birmingham Hoover, Alabama MSA appreciation it was + 13.16% (+ 4.39% yearly) from 1994 to 1996.
During the same time period, AL had + 10.56% (+ 3.52% yearly).
You can see that the Birmingham Hoover, Alabama MSA experienced higher appreciation in this case.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Birmingham Hoover, Alabama include real estate investment .
Lets look at Moody, 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 Moody, Alabama Refinance, or Moody, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Moody, Alabama home was worth $90,000.00 in 1994, you could multiply by + 13.16%, add the gain and see the home should be worth $101,845.82 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1994 to 1996:
+ 4.39%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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