Real Estate Appreciation for Birmingham Hoover, Alabama: + 34.14%
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 + 34.14% (+ 5.69% yearly) for the period between 2001 and the end of 2006.
The state had + 33.34% total appreciation (+ 5.56% 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
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
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If you were going to do a Adger, Alabama Refinance, or Adger, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Adger, Alabama home was worth $107,000.00 in 2001, you could multiply by + 34.14%, add the gain and see the home should be worth $143,534.78 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 2001 to 2006:
+ 5.69%
Appreciation Comparisons
The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .
- Lafayette-LA lost - 42.13% from 1983 to 1988
- Lafayette-LA lost - 37.78% from 1982 thru 1987
- Casper-WY lost - 37.50% from 1983 thru 1988
- Anchorage-AK lost - 33.17% from 1984 thru 1989
- Midland-TX lost - 31.15% from 1982 thru 1987
The top 5 performing MSAs from 2001 to 2006 were Madera-CA, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Fresno-CA, and Naples-Marco-Island-FL .
- Madera-CA increased +156.12% from 2001 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +152.80% from 2001 to the end of 2006
- Bakersfield-CA increased +152.44% from 2001 to the end of 2006
- Fresno-CA increased +148.94% from 2001 to the end of 2006
- Naples-Marco-Island-FL increased +148.21% from 2001 to the end of 2006
Zip Code in MSA: 35006 - ADGER, AL
MSA Pop: 1072646Zip Pop: 3109
Avg Value: 57000
County: JEFFERSON
Elev: 600
Region: South
Lat: 33.44394
Long: -87.20292