Real Estate Appreciation for Birmingham Hoover, Alabama: + 16.02%
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 + 16.02% (+ 4.01% yearly) for the period between 1999 and the end of 2002.
The state had + 14.11% total appreciation (+ 3.53% 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% |
| 2002 | 1 | 134.48 | + 0.67% | + 2.66% |
| 2002 | 2 | 135.51 | + 0.77% | + 3.06% |
| 2002 | 3 | 137.71 | + 1.62% | + 6.49% |
| 2002 | 4 | 138.96 | + 0.91% | + 3.63% |
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 $101,000.00 in 1999, you could multiply by + 16.02%, add the gain and see the home should be worth $117,182.60 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 1999 to 2002:
+ 4.01%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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