Home Equity Appreciation for Birmingham Hoover, Alabama: + 11.00%
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 + 11.00% (+ 3.67% yearly) for the period between 2001 and the end of 2003.
The state had + 9.28% total appreciation (+ 3.09% 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 |
| 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% |
| 2003 | 1 | 140.7 | + 1.25% | + 5.01% |
| 2003 | 2 | 142.3 | + 1.14% | + 4.55% |
| 2003 | 3 | 143.27 | + 0.68% | + 2.73% |
| 2003 | 4 | 144.57 | + 0.91% | + 3.63% |
There are a lot of ways to use the appreciation data for Birmingham Hoover, Alabama .
Lets look at Moody, 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 Moody, 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 $104,000.00 in 2001, you could multiply by + 11.00%, add the gain and see the home should be worth $115,442.87 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 2001 to 2003:
+ 3.67%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2003 were Yuba-City-CA, Chico-CA, Fresno-CA, Redding-CA, and Madera-CA .
- Yuba-City-CA increased + 53.06% from 2001 to the end of 2003
- Chico-CA increased + 50.54% from 2001 to the end of 2003
- Fresno-CA increased + 50.27% from 2001 to the end of 2003
- Redding-CA increased + 49.39% from 2001 to the end of 2003
- Madera-CA increased + 48.53% from 2001 to the end of 2003
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