Real Estate Appreciation for Burlington, North Carolina: + 8.65%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Burlington, North Carolina MSA appreciated + 8.65% (+ 2.16% yearly) for the period between 2001 and the end of 2004.
The state had + 14.94% total appreciation (+ 3.74% yearly).
The state average for North Carolina was higher than the real estate appreciation in the Burlington, North Carolina MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 72.82% faster than this MSA.
Burlington-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 130.27 | + 0.76% | + 3.03% |
| 2001 | 3 | 131.44 | + 0.90% | + 3.59% |
| 2001 | 4 | 132.82 | + 1.05% | + 4.20% |
| 2002 | 1 | 133.28 | + 0.35% | + 1.39% |
| 2002 | 2 | 133.47 | + 0.14% | + 0.57% |
| 2002 | 3 | 135.67 | + 1.65% | + 6.59% |
| 2002 | 4 | 136.58 | + 0.67% | + 2.68% |
| 2003 | 1 | 137.6 | + 0.75% | + 2.99% |
| 2003 | 2 | 137.95 | + 0.25% | + 1.02% |
| 2003 | 3 | 138.03 | + 0.06% | + 0.23% |
| 2003 | 4 | 139.92 | + 1.37% | + 5.48% |
| 2004 | 1 | 140.97 | + 0.75% | + 3.00% |
| 2004 | 2 | 138.45 | - 1.79% | - 7.15% |
| 2004 | 3 | 137.52 | - 0.67% | - 2.69% |
| 2004 | 4 | 140.47 | + 2.15% | + 8.58% |
There are a lot of ways to use the appreciation data for Burlington, North Carolina .
Lets look at Burlington, North Carolina, a city located in Burlington, North Carolina MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Burlington, North Carolina 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 $105,000.00 in 2001, you could multiply by + 8.65%, add the gain and see the home should be worth $114,079.59 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 2001 to 2004:
+ 2.16%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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