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 Cape Coral Fort Myers, Florida MSA appreciated + 36.94% (+ 12.31% yearly) for the period between 2001 and the end of 2003.

The state had + 32.31% total appreciation (+ 10.77% yearly). The Cape Coral Fort Myers, Florida MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Cape-Coral-Fort-Myers-FL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 134.16 + 2.80% + 11.22%
2001 3 137.62 + 2.58% + 10.32%
2001 4 141.22 + 2.62% + 10.46%
2002 1 146.48 + 3.72% + 14.90%
2002 2 150.66 + 2.85% + 11.41%
2002 3 155.98 + 3.53% + 14.12%
2002 4 160.94 + 3.18% + 12.72%
2003 1 163.76 + 1.75% + 7.01%
2003 2 168.28 + 2.76% + 11.04%
2003 3 172.25 + 2.36% + 9.44%
2003 4 178.71 + 3.75% + 15.00%


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 $104,000.00 in 2001, you could multiply by + 36.94%, add the gain and see the home should be worth $142,420.23 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 2001 to 2003:
+ 12.31%

Appreciation Comparisons

The worst 5 MSAs from 2001 to 2003 were Ogden-Clearfield-UT, Logan-UT-ID, Provo-Orem-UT, Austin-Round-Rock-TX, and Jackson-TN .

  1. Ogden-Clearfield-UT only increased + 2.75% between 2001 and 2003
  2. Logan-UT-ID only increased + 2.82% between 2001 and 2003
  3. Provo-Orem-UT only increased + 2.87% between 2001 and 2003
  4. Austin-Round-Rock-TX only increased + 3.75% between 2001 and 2003
  5. Jackson-TN only increased + 3.85% between 2001 and 2003

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 33901 - FORT MYERS, FL

MSA Pop: 492210
Zip Pop: 21072
Avg Value: 88500
County: LEE
Elev: 10
Region: South
Lat: 26.628545
Long: -81.86739