Real Estate Appreciation for Burlington, North Carolina: + 18.84%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Burlington, North Carolina MSA appreciation it was + 18.84% (+ 4.71% yearly) from 1994 to 1997.
During the same time period, NC had + 19.96% (+ 4.99% yearly).
From 1994 to 1997, North Carolina outperformed the individual Burlington, North Carolina MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Burlington-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1996 | 1 | 105.58 | + 3.99% | + 15.96% |
| 1996 | 2 | 106.09 | + 0.48% | + 1.93% |
| 1996 | 3 | 107.38 | + 1.22% | + 4.86% |
| 1996 | 4 | 108.08 | + 0.65% | + 2.61% |
| 1997 | 1 | 109.39 | + 1.21% | + 4.85% |
| 1997 | 2 | 110.62 | + 1.12% | + 4.50% |
| 1997 | 3 | 110.9 | + 0.25% | + 1.01% |
| 1997 | 4 | 113.49 | + 2.34% | + 9.34% |
Lets look at Burlington, 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 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 1994, you could multiply by + 18.84%, add the gain and see the home should be worth $108,142.30 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 1994 to 1997:
+ 4.71%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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