Real Estate Appreciation for Burlington, North Carolina: + 10.44%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Burlington, North Carolina MSA appreciated + 10.44% (+ 3.48% yearly) between 1993 and the end of 1995.
The state of NC had + 13.19% total appreciation (+ 4.40% 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 than the state as a whole. The state appreaciated + 26.31% faster than this MSA.
Burlington-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 92.74 | + 0.88% | + 3.52% |
| 1993 | 3 | 93.53 | + 0.85% | + 3.41% |
| 1993 | 4 | 94.56 | + 1.10% | + 4.41% |
| 1994 | 1 | 95.5 | + 0.99% | + 3.98% |
| 1994 | 2 | 98.37 | + 3.01% | + 12.02% |
| 1994 | 3 | 98.95 | + 0.59% | + 2.36% |
| 1994 | 4 | 99.06 | + 0.11% | + 0.44% |
| 1995 | 1 | 100 | + 0.95% | + 3.80% |
| 1995 | 2 | 99.96 | - 0.04% | - 0.16% |
| 1995 | 3 | 102.2 | + 2.24% | + 8.96% |
| 1995 | 4 | 101.53 | - 0.66% | - 2.62% |
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 Altamahaw, North Carolina Refinance, or Altamahaw, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Altamahaw, North Carolina home was worth $88,000.00 in 1993, you could multiply by + 10.44%, add the gain and see the home should be worth $97,189.60 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 1993 to 1995:
+ 3.48%
Appreciation Comparisons
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
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
Zip Code in MSA: 27202 - ALTAMAHAW, NC
MSA Pop: 136773Zip Pop: 24
Avg Value: 45000
County: ALAMANCE
Elev: 656
Region: South
Lat: 36.186466
Long: -79.505991