Real Estate Appreciation for Birmingham Hoover, Alabama: + 42.96%
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: + 42.96%
- State of AL: + 40.38%
- Difference: + 6.37%
Birmingham-Hoover-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Birmingham-Hoover-AL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Alabama, you can do some research at Spec-Loan.com.
If you were going to do a Allgood, Alabama Refinance, or Allgood, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Allgood, Alabama home was worth $103,000.00 in 1998, you could multiply by + 42.96%, add the gain and see the home should be worth $147,245.91 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1998 to 2005:
+ 5.37%
Appreciation Comparisons
The worst 5 MSAs from 1998 to 2005 were Lafayette-IN, Columbus-IN, Springfield-IL, Ogden-Clearfield-UT, and Jackson-TN .
- Lafayette-IN only increased + 18.26% between 1998 and 2005
- Columbus-IN only increased + 19.34% between 1998 and 2005
- Springfield-IL only increased + 20.61% between 1998 and 2005
- Ogden-Clearfield-UT only increased + 21.04% between 1998 and 2005
- Jackson-TN only increased + 21.38% between 1998 and 2005
For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .
- Salinas-CA increased +233.30% from 1998 thru 2005
- Springfield-MA increased +225.43% from 1981 thru 1988
- Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
- Salinas-CA increased +204.52% from 1999 thru 2006
- Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 35013 - ALLGOOD, AL
MSA Pop: 1072646Zip Pop: 0
Avg Value: 0
County: BLOUNT
Elev: 885
Region: South
Lat: 33.965656
Long: -86.379904