Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 3.58%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Cape Coral Fort Myers, Florida MSA appreciated + 3.58% (+ 1.19% yearly) between 1993 and the end of 1995.
The state of FL had + 6.62% total appreciation (+ 2.21% yearly).
The state average for Florida was higher than the real estate appreciation in the Cape Coral Fort Myers, Florida MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 85.04% faster than this MSA.
Cape-Coral-Fort-Myers-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 103.13 | + 0.21% | + 0.86% |
| 1993 | 3 | 103.34 | + 0.20% | + 0.81% |
| 1993 | 4 | 104.97 | + 1.58% | + 6.31% |
| 1994 | 1 | 103.93 | - 0.99% | - 3.96% |
| 1994 | 2 | 102.4 | - 1.47% | - 5.89% |
| 1994 | 3 | 101.8 | - 0.59% | - 2.34% |
| 1994 | 4 | 102.88 | + 1.06% | + 4.24% |
| 1995 | 1 | 100 | - 2.80% | - 11.20% |
| 1995 | 2 | 102.31 | + 2.31% | + 9.24% |
| 1995 | 3 | 104.21 | + 1.86% | + 7.43% |
| 1995 | 4 | 106.59 | + 2.28% | + 9.14% |
There are a lot of ways to use the appreciation data for Cape Coral Fort Myers, Florida .
Lets look at Fort Myers, Florida, a city located in Cape Coral Fort Myers, Florida 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 Fort Myers, Florida check out Spec-Loan.com
If you were going to do a Fort Myers, Florida Refinance, or Fort Myers, Florida Reverse Mortgages, you could estimate your home value.
If you knew your Fort Myers, Florida home was worth $88,000.00 in 1993, you could multiply by + 3.58%, add the gain and see the home should be worth $91,146.83 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 1993 to 1995:
+ 1.19%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
Zip Code in MSA: 33901 - FORT MYERS, FL
MSA Pop: 492210Zip Pop: 21072
Avg Value: 88500
County: LEE
Elev: 10
Region: South
Lat: 26.628545
Long: -81.86739