Real Estate Appreciation for Bismarck, North Dakota: + 11.36%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bismarck, North Dakota MSA appreciated + 11.36% (+ 5.68% yearly) between 2003 and the end of 2004.
The state of ND had + 14.75% total appreciation (+ 7.37% 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 than the state as a whole. The state appreaciated + 29.78% faster than this MSA.
Bismarck-ND
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Regan, North Dakota, a city located in Bismarck, North Dakota MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Regan, North Dakota Refinance, or Regan, North Dakota Reverse Mortgages, you could estimate your home value.
If you knew your Regan, North Dakota home was worth $107,000.00 in 2003, you could multiply by + 11.36%, add the gain and see the home should be worth $119,157.67 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bismarck-ND from 2003 to 2004:
+ 5.68%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 58477 - REGAN, ND
MSA Pop: 96828Zip Pop: 168
Avg Value: 43100
County: BURLEIGH
Elev: 1672
Region: Midwest
Lat: 47.156664
Long: -100.521564