Real Estate Appreciation for Birmingham Hoover, Alabama: + 12.19%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Birmingham Hoover, Alabama did compared to the state as a whole.
The Birmingham Hoover, Alabama MSA property value change was + 12.19% (+ 6.10% yearly).
All of the property in AL averaged + 14.00% change in value (+ 7.00% yearly).
Birmingham-Hoover-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $111,000.00 in 2005, you could multiply by + 12.19%, add the gain and see the home should be worth $124,536.41 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Birmingham-Hoover-AL from 2005 to 2006:
+ 6.10%
Appreciation Comparisons
The top 5 performing MSAs from 2005 to 2006 were Bend-OR, Boise-City-Nampa-ID, Phoenix-Mesa-Scottdale-AZ, Naples-Marco-Island-FL, and Ocala-FL .
- Bend-OR increased + 52.68% from 2005 to the end of 2006
- Boise-City-Nampa-ID increased + 43.68% from 2005 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 43.40% from 2005 to the end of 2006
- Naples-Marco-Island-FL increased + 41.08% from 2005 to the end of 2006
- Ocala-FL increased + 40.98% from 2005 to the end of 2006
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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