Real Estate Appreciation for Bloomington, Indiana: + 11.20%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Bloomington, Indiana MSA appreciated + 11.20% (+ 3.73% yearly) for the period between 2001 and the end of 2003.
The state had + 8.35% total appreciation (+ 2.78% yearly).
The Bloomington, Indiana MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Bloomington-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 126.5 | + 1.01% | + 4.06% |
| 2001 | 3 | 127.06 | + 0.44% | + 1.77% |
| 2001 | 4 | 128.02 | + 0.76% | + 3.02% |
| 2002 | 1 | 128.81 | + 0.62% | + 2.47% |
| 2002 | 2 | 130.52 | + 1.33% | + 5.31% |
| 2002 | 3 | 131.32 | + 0.61% | + 2.45% |
| 2002 | 4 | 132.14 | + 0.62% | + 2.50% |
| 2003 | 1 | 133.29 | + 0.87% | + 3.48% |
| 2003 | 2 | 134.82 | + 1.15% | + 4.59% |
| 2003 | 3 | 136.95 | + 1.58% | + 6.32% |
| 2003 | 4 | 139.25 | + 1.68% | + 6.72% |
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 Bloomington-IN here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Indiana, you can do some research at Spec-Loan.com.
If you were going to do a Bloomington, Indiana Refinance, or Bloomington, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Bloomington, Indiana home was worth $104,000.00 in 2001, you could multiply by + 11.20%, add the gain and see the home should be worth $115,643.22 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-IN from 2001 to 2003:
+ 3.73%
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: 47401 - BLOOMINGTON, IN
MSA Pop: 178974Zip Pop: 34735
Avg Value: 135800
County: MONROE
Elev: 752
Region: Midwest
Lat: 39.09688
Long: -86.4584