Real Estate Appreciation for Burlington, North Carolina: + 6.40%
Appreciation for MSAs:.
Let's start by comparing Burlington, North Carolina to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 6.40% (+ 1.60% yearly) for the Burlington, North Carolina MSA.
The entire state of NC had + 20.56% appreciation (+ 5.14% 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 by +221.29%.
Burlington-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2005 | 1 | 142.48 | + 1.43% | + 5.72% |
| 2005 | 2 | 142.28 | - 0.14% | - 0.56% |
| 2005 | 3 | 143.17 | + 0.63% | + 2.50% |
| 2005 | 4 | 141.81 | - 0.95% | - 3.80% |
If you want to learn more about fixing up and flipping property and Hard Money Rehab 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 $107,000.00 in 2002, you could multiply by + 6.40%, add the gain and see the home should be worth $113,848.06 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 2002 to 2005:
+ 1.60%
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