Real Estate Appreciation for Birmingham Hoover, Alabama: + 11.54%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Birmingham Hoover, Alabama MSA appreciated + 11.54% (+ 3.85% yearly) for the period between 1999 and the end of 2001.
The state had + 10.29% total appreciation (+ 3.43% yearly).
The Birmingham Hoover, Alabama MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2001 | 1 | 130.24 | + 3.29% | + 13.17% |
| 2001 | 2 | 131.12 | + 0.68% | + 2.70% |
| 2001 | 3 | 132.02 | + 0.69% | + 2.75% |
| 2001 | 4 | 133.59 | + 1.19% | + 4.76% |
Some of the ways peope use our appreciation data for Birmingham Hoover, Alabama include real estate investment .
Lets look at Moody, 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 Moody, Alabama Refinance, or Moody, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Moody, Alabama home was worth $100,000.00 in 1999, you could multiply by + 11.54%, add the gain and see the home should be worth $111,538.78 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1999 to 2001:
+ 3.85%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2001 were Salinas-CA, Santa-Rosa-Petaluma-CA, Vallejo-Fairfield-CA, Barnstable-Town-MA, and Santa-Cruz-Watsonville-CA .
- Salinas-CA increased + 55.48% from 1999 to the end of 2001
- Santa-Rosa-Petaluma-CA increased + 53.43% from 1999 to the end of 2001
- Vallejo-Fairfield-CA increased + 52.75% from 1999 to the end of 2001
- Barnstable-Town-MA increased + 51.91% from 1999 to the end of 2001
- Santa-Cruz-Watsonville-CA increased + 51.50% from 1999 to the end of 2001
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