Real Estate Appreciation for Bridgeport Stamford Norwalk, Connecticut: + 40.33%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bridgeport Stamford Norwalk, Connecticut MSA appreciated + 40.33% (+ 10.08% yearly) between 2003 and the end of 2006.
The state of CT had + 41.17% total appreciation (+ 10.29% yearly).
The state average for Connecticut was higher than the real estate appreciation in the Bridgeport Stamford Norwalk, Connecticut MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 2.07% faster than this MSA.
Bridgeport-Stamford-Norwalk-CT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 174.88 | + 1.46% | + 5.85% |
| 2003 | 3 | 178.72 | + 2.20% | + 8.78% |
| 2003 | 4 | 185.69 | + 3.90% | + 15.60% |
| 2004 | 1 | 188.56 | + 1.55% | + 6.18% |
| 2004 | 2 | 194.92 | + 3.37% | + 13.49% |
| 2004 | 3 | 206.95 | + 6.17% | + 24.69% |
| 2004 | 4 | 210.36 | + 1.65% | + 6.59% |
| 2005 | 1 | 216.39 | + 2.87% | + 11.47% |
| 2005 | 2 | 225.34 | + 4.14% | + 16.54% |
| 2005 | 3 | 230.61 | + 2.34% | + 9.35% |
| 2005 | 4 | 237.06 | + 2.80% | + 11.19% |
| 2006 | 1 | 240.71 | + 1.54% | + 6.16% |
| 2006 | 2 | 242.76 | + 0.85% | + 3.41% |
| 2006 | 3 | 242.63 | - 0.05% | - 0.21% |
| 2006 | 4 | 241.88 | - 0.31% | - 1.24% |
Lets look at Monroe, Connecticut, a city located in Bridgeport Stamford Norwalk, Connecticut 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 Monroe, Connecticut Refinance, or Monroe, Connecticut Reverse Mortgages, you could estimate your home value.
If you knew your Monroe, Connecticut home was worth $109,000.00 in 2003, you could multiply by + 40.33%, add the gain and see the home should be worth $152,964.26 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bridgeport-Stamford-Norwalk-CT from 2003 to 2006:
+ 10.08%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2003 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .
- Kokomo-IN only increased + 2.97% between 2003 and 2006
- Anderson-IN only increased + 3.19% between 2003 and 2006
- Lafayette-IN only increased + 5.02% between 2003 and 2006
- Saginaw-Saginaw-Township-North-MI only increased + 5.27% between 2003 and 2006
- Muncie-IN only increased + 6.15% between 2003 and 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