Real Estate Appreciation for Birmingham Hoover, Alabama: + 18.59%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Birmingham Hoover, Alabama MSA appreciation it was + 18.59% (+ 6.20% yearly) from 2004 to 2006.
During the same time period, AL had + 20.69% (+ 6.90% yearly).
From 2004 to 2006, Alabama outperformed the individual Birmingham Hoover, Alabama MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 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 $110,000.00 in 2004, you could multiply by + 18.59%, add the gain and see the home should be worth $130,451.40 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 2004 to 2006:
+ 6.20%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
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