Real Estate Appreciation for Birmingham Hoover, Alabama: + 15.35%
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 + 15.35% (+ 3.84% yearly).
All of the property in AL averaged + 14.20% change in value (+ 3.55% yearly).
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 119.77 | + 0.71% | + 2.86% |
| 1999 | 2 | 120.71 | + 0.78% | + 3.14% |
| 1999 | 3 | 120.52 | - 0.16% | - 0.63% |
| 1999 | 4 | 122.37 | + 1.54% | + 6.14% |
| 2000 | 1 | 122.65 | + 0.23% | + 0.92% |
| 2000 | 2 | 123.83 | + 0.96% | + 3.85% |
| 2000 | 3 | 124.98 | + 0.93% | + 3.71% |
| 2000 | 4 | 126.09 | + 0.89% | + 3.55% |
There are a lot of ways to use the appreciation data for Birmingham Hoover, Alabama .
Lets look at Adamsville, 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 Adamsville, Alabama 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 $97,000.00 in 1997, you could multiply by + 15.35%, add the gain and see the home should be worth $111,890.31 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1997 to 2000:
+ 3.84%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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