Real Estate Appreciation for Bismarck, North Dakota: + 41.31%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Bismarck, North Dakota did compared to the state as a whole.
The Bismarck, North Dakota MSA property value change was + 41.31% (+ 4.59% yearly).
All of the property in ND averaged + 41.45% change in value (+ 4.61% yearly).
Bismarck-ND
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Bismarck-ND here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in North Dakota, you can do some research at Spec-Loan.com.
If you were going to do a Bismarck, North Dakota Refinance, or Bismarck, North Dakota Reverse Mortgages, you could estimate your home value.
If you knew your Bismarck, North Dakota home was worth $98,000.00 in 1995, you could multiply by + 41.31%, add the gain and see the home should be worth $138,483.80 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bismarck-ND from 1995 to 2003:
+ 4.59%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
Zip Code in MSA: 58504 - BISMARCK, ND
MSA Pop: 96828Zip Pop: 22655
Avg Value: 83400
County: BURLEIGH
Elev: 1672
Region: Midwest
Lat: 46.76082
Long: -100.69938