Real Estate Appreciation for Burlington, North Carolina: + 29.52%
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 + 29.52% (+ 4.92% yearly) between 1993 and the end of 1998.
The state of NC had + 30.01% total appreciation (+ 5.00% 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 + 1.64% faster than this MSA.
Burlington-NC
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1995-1998 Quarterly Detailed Appreciation
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 Burlington-NC here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in North Carolina, you can do some research at Spec-Loan.com.
If you were going to do a Burlington, North Carolina Refinance, or Burlington, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Burlington, North Carolina home was worth $91,000.00 in 1993, you could multiply by + 29.52%, add the gain and see the home should be worth $117,865.44 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 1993 to 1998:
+ 4.92%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1998 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Greeley-CO, and Logan-UT-ID .
- Salt-Lake-City-UT increased + 71.69% from 1993 to the end of 1998
- Ogden-Clearfield-UT increased + 68.79% from 1993 to the end of 1998
- Provo-Orem-UT increased + 68.09% from 1993 to the end of 1998
- Greeley-CO increased + 57.86% from 1993 to the end of 1998
- Logan-UT-ID increased + 56.04% from 1993 to the end of 1998
For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .
- Merced-CA increased +172.57% from 2000 thru 2005
- Modesto-CA increased +166.23% from 2000 thru 2005
- Worcester-MA increased +164.50% from 1982 thru 1987
- Yuba-City-CA increased +164.17% from 2000 thru 2005
- San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981
Zip Code in MSA: 27215 - BURLINGTON, NC
MSA Pop: 136773Zip Pop: 33439
Avg Value: 121800
County: ALAMANCE
Elev: 656
Region: South
Lat: 36.03342
Long: -79.49088