Real Estate Appreciation for Birmingham Hoover, Alabama: + 30.12%
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: + 30.12%
- State of AL: + 27.40%
- Difference: + 9.94%
Birmingham-Hoover-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Birmingham Hoover, Alabama include real estate investment .
Lets look at Alabaster, 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 Alabaster, Alabama Refinance, or Alabaster, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Alabaster, Alabama home was worth $98,000.00 in 1996, you could multiply by + 30.12%, add the gain and see the home should be worth $127,522.05 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1996 to 2002:
+ 4.30%
Appreciation Comparisons
The worst 5 MSAs from 1996 to 2002 were Honolulu-HI, Lewiston-ID-WA, Coeur-d'Alene-ID, Buffalo-Niagara-Falls-NY, and El-Paso-TX .
- Honolulu-HI only increased + 4.03% between 1996 and 2002
- Lewiston-ID-WA only increased + 10.18% between 1996 and 2002
- Coeur-d'Alene-ID only increased + 10.45% between 1996 and 2002
- Buffalo-Niagara-Falls-NY only increased + 11.08% between 1996 and 2002
- El-Paso-TX only increased + 12.08% between 1996 and 2002
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
The worst perfoming MSAs ever for a 7 year period, were Lafayette-LA, Casper-WY, Midland-TX, Lafayette-LA, and Midland-TX .
- Lafayette-LA lost - 40.40% from 1982 to 1988
- Casper-WY lost - 35.78% from 1983 thru 1989
- Midland-TX lost - 32.81% from 1983 thru 1989
- Lafayette-LA lost - 32.70% from 1983 thru 1989
- Midland-TX lost - 31.48% from 1982 thru 1988
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