Real Estate Appreciation for Birmingham Hoover, Alabama: + 18.24%
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 + 18.24% (+ 4.56% yearly) from 1994 to 1997.
During the same time period, AL had + 15.61% (+ 3.90% 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% |
| 1997 | 1 | 109.31 | + 0.90% | + 3.62% |
| 1997 | 2 | 109.68 | + 0.34% | + 1.35% |
| 1997 | 3 | 112.17 | + 2.27% | + 9.08% |
| 1997 | 4 | 113.19 | + 0.91% | + 3.64% |
Lets look at Adamsville, 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 Adamsville, Alabama Refinance, or Adamsville, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Adamsville, Alabama home was worth $91,000.00 in 1994, you could multiply by + 18.24%, add the gain and see the home should be worth $107,597.30 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1994 to 1997:
+ 4.56%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1994 to 1997 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, and Kingston-NY .
- Honolulu-HI decreased by - 14.47% between 1994 and 1997
- Utica-Rome-NY decreased by - 12.23% between 1994 and 1997
- Binghamton-NY decreased by - 9.70% between 1994 and 1997
- Riverside-San-Bernardino-Ontario-CA decreased by - 8.40% between 1994 and 1997
- Kingston-NY decreased by - 6.47% between 1994 and 1997
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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