Real Estate Appreciation for Birmingham Hoover, Alabama: + 24.17%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Birmingham Hoover, Alabama MSA appreciated + 24.17% (+ 6.04% yearly) between 2003 and the end of 2006.
The state of AL had + 24.75% total appreciation (+ 6.19% yearly).
The state average for Alabama was higher than the real estate appreciation in the Birmingham Hoover, Alabama MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 2.39% faster than this MSA.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 168.23 | + 1.75% | + 7.02% |
| 2006 | 2 | 170.32 | + 1.24% | + 4.97% |
| 2006 | 3 | 172.72 | + 1.41% | + 5.64% |
| 2006 | 4 | 174.71 | + 1.15% | + 4.61% |
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 $109,000.00 in 2003, you could multiply by + 24.17%, add the gain and see the home should be worth $135,347.48 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 2003 to 2006:
+ 6.04%
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