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 + 65.21% (+ 4.35% yearly) for the Burlington, North Carolina MSA.

The entire state of NC had + 92.19% appreciation (+ 6.15% 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 + 41.37%.

Burlington-NC

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


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 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 $98,000.00 in 1992, you could multiply by + 65.21%, add the gain and see the home should be worth $161,903.60 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Burlington-NC from 1992 to 2006:
+ 4.35%

Appreciation Comparisons

The worst perfoming MSAs ever for a 15 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Midland-TX .

  1. Midland-TX lost - 26.77% from 1982 to 1996
  2. Midland-TX lost - 20.17% from 1983 thru 1997
  3. Midland-TX lost - 11.70% from 1984 thru 1998
  4. Odessa-TX lost - 9.94% from 1984 thru 1998
  5. Midland-TX lost - 5.77% from 1986 thru 2000

The top 5 performing MSAs from 1992 to 2006 were Bend-OR, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Salinas-CA, Flagstaff-AZ-UT, and Medford-OR .

  1. Bend-OR increased +248.24% from 1992 to the end of 2006
  2. Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +244.55% from 1992 to the end of 2006
  3. Salinas-CA increased +242.54% from 1992 to the end of 2006
  4. Flagstaff-AZ-UT increased +240.43% from 1992 to the end of 2006
  5. Medford-OR increased +232.88% from 1992 to the end of 2006

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