Real Estate Appreciation for Birmingham Hoover, Alabama: + 54.14%
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 + 54.14% (+ 5.41% yearly).
All of the property in AL averaged + 47.36% change in value (+ 4.74% yearly).
Birmingham-Hoover-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Birmingham Hoover, Alabama .
Lets look at Bessemer, Alabama, a city located in Birmingham Hoover, Alabama MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Bessemer, 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 $99,000.00 in 1995, you could multiply by + 54.14%, add the gain and see the home should be worth $152,598.60 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1995 to 2004:
+ 5.41%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 2004 were San-Diego-Carlsbad-San-Marcos-CA, Salinas-CA, Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, and Oxnard-Thousand-Oaks-Ventura-CA .
- San-Diego-Carlsbad-San-Marcos-CA increased +189.90% from 1995 to the end of 2004
- Salinas-CA increased +186.52% from 1995 to the end of 2004
- Barnstable-Town-MA increased +184.65% from 1995 to the end of 2004
- San-Luis-Obispo-Paso-Robles-CA increased +172.94% from 1995 to the end of 2004
- Oxnard-Thousand-Oaks-Ventura-CA increased +168.06% from 1995 to the end of 2004
For a 10 year period, the top 5 performing MSAs of all time are Bridgeport-Stamford-Norwalk-CT, New-Haven-Milford-CT, Salinas-CA, Salinas-CA, and Riverside-San-Bernardino-Ontario-CA .
- Bridgeport-Stamford-Norwalk-CT increased +262.04% from 1977 thru 1986
- New-Haven-Milford-CT increased +251.93% from 1978 thru 1987
- Salinas-CA increased +251.06% from 1996 thru 2005
- Salinas-CA increased +247.53% from 1997 thru 2006
- Riverside-San-Bernardino-Ontario-CA increased +237.10% from 1997 thru 2006
Zip Code in MSA: 35020 - BESSEMER, AL
MSA Pop: 1072646Zip Pop: 31627
Avg Value: 48000
County: JEFFERSON
Elev: 600
Region: South
Lat: 33.40098
Long: -86.94156