Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 13.59%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Cape Coral Fort Myers, Florida did compared to the state as a whole.
The Cape Coral Fort Myers, Florida MSA property value change was + 13.59% (+ 3.40% yearly).
All of the property in FL averaged + 15.23% change in value (+ 3.81% yearly).
Cape-Coral-Fort-Myers-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 102.31 | + 2.31% | + 9.24% |
| 1995 | 3 | 104.21 | + 1.86% | + 7.43% |
| 1995 | 4 | 106.59 | + 2.28% | + 9.14% |
| 1996 | 1 | 104.85 | - 1.63% | - 6.53% |
| 1996 | 2 | 104.68 | - 0.16% | - 0.65% |
| 1996 | 3 | 105.59 | + 0.87% | + 3.48% |
| 1996 | 4 | 102.95 | - 2.50% | - 10.00% |
| 1997 | 1 | 107.19 | + 4.12% | + 16.47% |
| 1997 | 2 | 104.75 | - 2.28% | - 9.11% |
| 1997 | 3 | 107.98 | + 3.08% | + 12.33% |
| 1997 | 4 | 108.83 | + 0.79% | + 3.15% |
| 1998 | 1 | 112.18 | + 3.08% | + 12.31% |
| 1998 | 2 | 111 | - 1.05% | - 4.21% |
| 1998 | 3 | 111.92 | + 0.83% | + 3.32% |
| 1998 | 4 | 113.59 | + 1.49% | + 5.97% |
Lets look at Fort Myers, Florida, a city located in Cape Coral Fort Myers, Florida 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 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 $93,000.00 in 1995, you could multiply by + 13.59%, add the gain and see the home should be worth $105,638.70 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 1995 to 1998:
+ 3.40%
Appreciation Comparisons
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: 33901 - FORT MYERS, FL
MSA Pop: 492210Zip Pop: 21072
Avg Value: 88500
County: LEE
Elev: 10
Region: South
Lat: 26.628545
Long: -81.86739