Appreciation for MSAs:.

Let's start by comparing Burlington, North Carolina 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 + 57.13% (+ 4.08% yearly) for the Burlington, North Carolina MSA.

The entire state of NC had + 82.05% appreciation (+ 5.86% yearly). The state average for North Carolina was higher than the real estate appreciation in the Burlington, North Carolina MSA. This means the conditions in the MSA for real estate investment were worse by + 43.63%.

Burlington-NC

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation


Lets look at Elon, North Carolina, a city located in Burlington, North Carolina 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 Elon, North Carolina Refinance, or Elon, North Carolina Reverse Mortgages, you could estimate your home value.

If you knew your Elon, North Carolina home was worth $97,000.00 in 1992, you could multiply by + 57.13%, add the gain and see the home should be worth $152,416.29 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Burlington-NC from 1992 to 2005:
+ 4.08%

Appreciation Comparisons

The top 5 performing MSAs from 1992 to 2005 were Salinas-CA, Medford-OR, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Fort-Walton-Beach-Crestview-Destin-FL, and Phoenix-Mesa-Scottdale-AZ .

  1. Salinas-CA increased +246.60% from 1992 to the end of 2005
  2. Medford-OR increased +224.65% from 1992 to the end of 2005
  3. Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +218.48% from 1992 to the end of 2005
  4. Fort-Walton-Beach-Crestview-Destin-FL increased +202.40% from 1992 to the end of 2005
  5. Phoenix-Mesa-Scottdale-AZ increased +200.00% from 1992 to the end of 2005

Zip Code in MSA: 27244 - ELON, NC

MSA Pop: 136773
Zip Pop: 10762
Avg Value: 106000
County: ALAMANCE
Elev: 656
Region: South
Lat: 36.131463
Long: -79.508142