Real Estate Appreciation for Bismarck, North Dakota: + 17.82%
Appreciation for MSAs:.
Let's start by comparing Bismarck, North Dakota 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 + 17.82% (+ 5.94% yearly) for the Bismarck, North Dakota MSA.
The entire state of ND had + 20.49% appreciation (+ 6.83% yearly).
The state average for North Dakota was higher than the real estate appreciation in the Bismarck, North Dakota MSA. This means the conditions in the MSA for real estate investment were worse by + 14.93%.
Bismarck-ND
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 132.34 | + 2.11% | + 8.46% |
| 2002 | 3 | 134.86 | + 1.90% | + 7.62% |
| 2002 | 4 | 136.73 | + 1.39% | + 5.55% |
| 2003 | 1 | 137.12 | + 0.29% | + 1.14% |
| 2003 | 2 | 138.81 | + 1.23% | + 4.93% |
| 2003 | 3 | 140.75 | + 1.40% | + 5.59% |
| 2003 | 4 | 141.31 | + 0.40% | + 1.59% |
| 2004 | 1 | 143.18 | + 1.32% | + 5.29% |
| 2004 | 2 | 146.85 | + 2.56% | + 10.25% |
| 2004 | 3 | 151.01 | + 2.83% | + 11.33% |
| 2004 | 4 | 152.7 | + 1.12% | + 4.48% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Wing, North Dakota click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bismarck, North Dakota.
If you were going to do a Wing, North Dakota Refinance, or Wing, North Dakota Reverse Mortgages, you could estimate your home value.
If you knew your Wing, North Dakota home was worth $106,000.00 in 2002, you could multiply by + 17.82%, add the gain and see the home should be worth $124,893.52 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bismarck-ND from 2002 to 2004:
+ 5.94%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 58494 - WING, ND
MSA Pop: 96828Zip Pop: 356
Avg Value: 28300
County: BURLEIGH
Elev: 1672
Region: Midwest
Lat: 47.152609
Long: -100.332058