Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 66.70%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Cape Coral Fort Myers, Florida MSA appreciation it was + 66.70% (+ 22.23% yearly) from 2004 to 2006.
During the same time period, FL had + 62.03% (+ 20.68% yearly).
You can see that the Cape Coral Fort Myers, Florida MSA experienced higher appreciation in this case.
Cape-Coral-Fort-Myers-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 194.36 | + 5.39% | + 21.56% |
| 2004 | 3 | 205.15 | + 5.55% | + 22.21% |
| 2004 | 4 | 216.36 | + 5.46% | + 21.86% |
| 2005 | 1 | 229.94 | + 6.28% | + 25.11% |
| 2005 | 2 | 253.6 | + 10.29% | + 41.16% |
| 2005 | 3 | 276.34 | + 8.97% | + 35.87% |
| 2005 | 4 | 294.81 | + 6.68% | + 26.74% |
| 2006 | 1 | 311.35 | + 5.61% | + 22.44% |
| 2006 | 2 | 313.17 | + 0.58% | + 2.34% |
| 2006 | 3 | 312.53 | - 0.20% | - 0.82% |
| 2006 | 4 | 307.42 | - 1.64% | - 6.54% |
Some of the ways peope use our appreciation data for Cape Coral Fort Myers, Florida include real estate investment .
Lets look at Fort Myers, Florida, a city located in Cape Coral Fort Myers, Florida MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $110,000.00 in 2004, you could multiply by + 66.70%, add the gain and see the home should be worth $183,365.14 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 2004 to 2006:
+ 22.23%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
In contrast, the worst 5 MSAs from 2004 to 2006 were Saginaw-Saginaw-Township-North-MI, Kokomo-IN, Anderson-IN, Muncie-IN, and Lafayette-IN .
- Saginaw-Saginaw-Township-North-MI only increased + 0.82% between 2004 and 2006
- Kokomo-IN only increased + 0.99% between 2004 and 2006
- Anderson-IN only increased + 2.08% between 2004 and 2006
- Muncie-IN only increased + 2.23% between 2004 and 2006
- Lafayette-IN only increased + 2.44% between 2004 and 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