Real Estate Appreciation for Birmingham Hoover, Alabama: + 33.59%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Birmingham Hoover, Alabama did compared to the state as a whole.
The Birmingham Hoover, Alabama MSA property value change was + 33.59% (+ 4.80% yearly).
All of the property in AL averaged + 31.01% change in value (+ 4.43% yearly).
Birmingham-Hoover-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
Lets look at Alabaster, 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 Alabaster, Alabama Refinance, or Alabaster, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Alabaster, Alabama home was worth $96,000.00 in 1995, you could multiply by + 33.59%, add the gain and see the home should be worth $128,246.40 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1995 to 2001:
+ 4.80%
Appreciation Comparisons
For a 7 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Merced-CA, Naples-Marco-Island-FL, and Vallejo-Fairfield-CA .
- Salinas-CA increased +208.13% from 1999 thru 2005
- Springfield-MA increased +199.02% from 1981 thru 1987
- Merced-CA increased +193.70% from 1999 thru 2005
- Naples-Marco-Island-FL increased +186.53% from 1999 thru 2005
- Vallejo-Fairfield-CA increased +185.64% from 1999 thru 2005
Zip Code in MSA: 35007 - ALABASTER, AL
MSA Pop: 1072646Zip Pop: 20157
Avg Value: 118300
County: SHELBY
Elev: 524
Region: South
Lat: 33.240386
Long: -86.82407