Real Estate Appreciation for Bridgeport Stamford Norwalk, Connecticut: + 14.63%
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 Bridgeport Stamford Norwalk, Connecticut MSA appreciated + 14.63% (+ 3.66% yearly) for the period between 1979 and the end of 1982.
The state had + 18.25% total appreciation (+ 4.56% yearly).
The state average for Connecticut was higher than the real estate appreciation in the Bridgeport Stamford Norwalk, Connecticut MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 24.70% faster than this MSA.
Bridgeport-Stamford-Norwalk-CT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1979 | 2 | 42.44 | - 3.13% | - 12.51% |
| 1979 | 3 | 44.12 | + 3.96% | + 15.83% |
| 1979 | 4 | 43.83 | - 0.66% | - 2.63% |
| 1980 | 1 | 45.77 | + 4.43% | + 17.70% |
| 1980 | 2 | 44.39 | - 3.02% | - 12.06% |
| 1980 | 3 | 45.14 | + 1.69% | + 6.76% |
| 1980 | 4 | 45.47 | + 0.73% | + 2.92% |
| 1981 | 1 | 45.51 | + 0.09% | + 0.35% |
| 1981 | 2 | 48.37 | + 6.28% | + 25.14% |
| 1981 | 3 | 52.33 | + 8.19% | + 32.75% |
| 1981 | 4 | 50.59 | - 3.33% | - 13.30% |
| 1982 | 1 | 50.7 | + 0.22% | + 0.87% |
| 1982 | 2 | 50.46 | - 0.47% | - 1.89% |
| 1982 | 3 | 49.15 | - 2.60% | - 10.38% |
| 1982 | 4 | 50.22 | + 2.18% | + 8.71% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Monroe, Connecticut Refinance, or Monroe, Connecticut Reverse Mortgages, you could estimate your home value.
If you knew your Monroe, Connecticut home was worth $61,000.00 in 1979, you could multiply by + 14.63%, add the gain and see the home should be worth $69,925.13 in 1982. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bridgeport-Stamford-Norwalk-CT from 1979 to 1982:
+ 3.66%
Appreciation Comparisons
The worst 5 MSAs from 1979 to 1982 were Spokane-WA, Toledo-OH, Flint-MI, Davenport-Moline-Rock-Island-IA-IL, and Des-Moines-West-Des-Moines-IA .
- Spokane-WA decreased by - 4.31% between 1979 and 1982
- Toledo-OH decreased by - 3.27% between 1979 and 1982
- Flint-MI decreased by - 0.87% between 1979 and 1982
- Davenport-Moline-Rock-Island-IA-IL decreased by - 0.55% between 1979 and 1982
- Des-Moines-West-Des-Moines-IA only increased + 0.35% between 1979 and 1982
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 6468 - MONROE, CT
MSA Pop: 899152Zip Pop: 19247
Avg Value: 253500
County: FAIRFIELD
Elev: 9
Region: Northeast
Lat: 41.3409
Long: -73.23444