Real Estate Appreciation for Birmingham Hoover, Alabama: + 11.36%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Birmingham Hoover, Alabama: + 11.36%
- State of AL: + 11.29%
- Difference: + 0.61%
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 115.65 | + 2.17% | + 8.69% |
| 1998 | 2 | 116.35 | + 0.61% | + 2.42% |
| 1998 | 3 | 117.38 | + 0.89% | + 3.54% |
| 1998 | 4 | 118.92 | + 1.31% | + 5.25% |
Lets look at Moody, 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 Moody, Alabama Refinance, or Moody, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Moody, Alabama home was worth $94,000.00 in 1996, you could multiply by + 11.36%, add the gain and see the home should be worth $104,677.22 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1996 to 1998:
+ 3.79%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Jackson-MI, Bay-City-MI, and Monroe-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 34.16% from 1996 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 22.04% from 1996 to the end of 1998
- Jackson-MI increased + 21.73% from 1996 to the end of 1998
- Bay-City-MI increased + 20.64% from 1996 to the end of 1998
- Monroe-MI increased + 20.48% from 1996 to the end of 1998
In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .
- Honolulu-HI decreased by - 11.67% between 1996 and 1998
- Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
- Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
- Utica-Rome-NY only increased + 0.29% between 1996 and 1998
- El-Paso-TX only increased + 0.32% between 1996 and 1998
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