Real Estate Appreciation for Bloomington, Indiana: + 21.18%
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 + 21.18% (+ 4.24% yearly) for the period between 2001 and the end of 2005.
The state had + 17.50% total appreciation (+ 3.50% 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
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
Lets look at Bloomington, Indiana, a city located in Bloomington, Indiana 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 Bloomington, Indiana Refinance, or Bloomington, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Bloomington, Indiana home was worth $106,000.00 in 2001, you could multiply by + 21.18%, add the gain and see the home should be worth $128,447.66 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-IN from 2001 to 2005:
+ 4.24%
Appreciation Comparisons
The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .
- Casper-WY lost - 42.34% from 1983 to 1987
- Lafayette-LA lost - 39.59% from 1983 thru 1987
- Lafayette-LA lost - 37.20% from 1984 thru 1988
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
The top 5 performing MSAs from 2001 to 2005 were Fresno-CA, Madera-CA, Yuba-City-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Fresno-CA increased +137.23% from 2001 to the end of 2005
- Madera-CA increased +136.99% from 2001 to the end of 2005
- Yuba-City-CA increased +136.08% from 2001 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +133.38% from 2001 to the end of 2005
- Bakersfield-CA increased +131.89% from 2001 to the end of 2005
Zip Code in MSA: 47402 - BLOOMINGTON, IN
MSA Pop: 178974Zip Pop: 0
Avg Value: 0
County: MONROE
Elev: 752
Region: Midwest
Lat: 39.09537
Long: -86.47025