Real Estate Appreciation for Brownsville Harlingen, Texas: + 8.49%
Appreciation for MSAs:.
Let's start by comparing Brownsville Harlingen, Texas to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 8.49% (+ 2.83% yearly) for the Brownsville Harlingen, Texas MSA.
The entire state of TX had + 9.73% appreciation (+ 3.24% yearly).
The state average for Texas was higher than the real estate appreciation in the Brownsville Harlingen, Texas MSA. This means the conditions in the MSA for real estate investment were worse by + 14.55%.
Brownsville-Harlingen-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 128.14 | + 2.57% | + 10.28% |
| 2002 | 3 | 129.64 | + 1.17% | + 4.68% |
| 2002 | 4 | 134.26 | + 3.56% | + 14.25% |
| 2003 | 1 | 134.91 | + 0.48% | + 1.94% |
| 2003 | 2 | 134.44 | - 0.35% | - 1.39% |
| 2003 | 3 | 135.73 | + 0.96% | + 3.84% |
| 2003 | 4 | 132.51 | - 2.37% | - 9.49% |
| 2004 | 1 | 136.58 | + 3.07% | + 12.29% |
| 2004 | 2 | 134.16 | - 1.77% | - 7.09% |
| 2004 | 3 | 139.28 | + 3.82% | + 15.27% |
| 2004 | 4 | 135.54 | - 2.69% | - 10.74% |
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 Brownsville-Harlingen-TX here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Texas, you can do some research at Spec-Loan.com.
If you were going to do a Brownsville, Texas Refinance, or Brownsville, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Brownsville, Texas home was worth $106,000.00 in 2002, you could multiply by + 8.49%, add the gain and see the home should be worth $115,002.32 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Brownsville-Harlingen-TX from 2002 to 2004:
+ 2.83%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 78520 - BROWNSVILLE, TX
MSA Pop: 363092Zip Pop: 48601
Avg Value: 46700
County: CAMERON
Elev: 33
Region: South
Lat: 25.98174
Long: -97.53534