Real Estate Appreciation for Birmingham Hoover, Alabama: + 22.94%
Appreciation for MSAs:.
Let's start by comparing Birmingham Hoover, Alabama to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 22.94% (+ 5.74% yearly) for the Birmingham Hoover, Alabama MSA.
The entire state of AL had + 22.73% appreciation (+ 5.68% yearly).
The Birmingham Hoover, Alabama MSA beat out the state. by + 0.92% appreciation.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 147.32 | + 1.90% | + 7.61% |
| 2004 | 2 | 147.86 | + 0.37% | + 1.47% |
| 2004 | 3 | 150.95 | + 2.09% | + 8.36% |
| 2004 | 4 | 154.14 | + 2.11% | + 8.45% |
| 2005 | 1 | 155.72 | + 1.03% | + 4.10% |
| 2005 | 2 | 160.12 | + 2.83% | + 11.30% |
| 2005 | 3 | 162.46 | + 1.46% | + 5.85% |
| 2005 | 4 | 165.33 | + 1.77% | + 7.07% |
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 $107,000.00 in 2002, you could multiply by + 22.94%, add the gain and see the home should be worth $131,546.03 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 2002 to 2005:
+ 5.74%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
In contrast, the worst 5 MSAs from 2002 to 2005 were Lafayette-IN, Burlington-NC, Anderson-IN, Jonesboro-AR, and Fort-Wayne-IN .
- Lafayette-IN only increased + 6.22% between 2002 and 2005
- Burlington-NC only increased + 6.40% between 2002 and 2005
- Anderson-IN only increased + 8.50% between 2002 and 2005
- Jonesboro-AR only increased + 8.86% between 2002 and 2005
- Fort-Wayne-IN only increased + 9.30% between 2002 and 2005
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