Real Estate Appreciation for Burlington, North Carolina: + 14.70%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
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 + 14.70% (+ 2.94% yearly) from 2000 to 2004.
During the same time period, NC had + 21.87% (+ 4.37% yearly).
From 2000 to 2004, 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
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 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 $104,000.00 in 2000, you could multiply by + 14.70%, add the gain and see the home should be worth $119,285.38 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 2000 to 2004:
+ 2.94%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
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