Real Estate Appreciation for Birmingham Hoover, Alabama: + 9.03%
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: + 9.03%
- State of AL: + 8.23%
- Difference: + 9.67%
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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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 $98,000.00 in 1998, you could multiply by + 9.03%, add the gain and see the home should be worth $106,846.69 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1998 to 2000:
+ 3.01%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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