Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Casper, Wyoming did compared to the state as a whole.

The Casper, Wyoming MSA property value change was + 6.20% (+ 3.10% yearly).

All of the property in WY averaged + 5.61% change in value (+ 2.80% yearly).

Casper-WY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 111.7 + 0.89% + 3.54%
1997 3 111.07 - 0.56% - 2.26%
1997 4 113.03 + 1.76% + 7.06%
1998 1 115.18 + 1.90% + 7.61%
1998 2 116.33 + 1.00% + 3.99%
1998 3 117.61 + 1.10% + 4.40%
1998 4 117.58 - 0.03% - 0.10%


Lets look at Casper, Wyoming, a city located in Casper, Wyoming 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 Casper, Wyoming Refinance, or Casper, Wyoming Reverse Mortgages, you could estimate your home value.

If you knew your Casper, Wyoming home was worth $95,000.00 in 1997, you could multiply by + 6.20%, add the gain and see the home should be worth $100,886.02 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Casper-WY from 1997 to 1998:
+ 3.10%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .

  1. Honolulu-HI decreased by - 3.48% between 1997 and 1998
  2. Williamsport-PA decreased by - 0.05% between 1997 and 1998
  3. Ithaca-NY only increased + 1.04% between 1997 and 1998
  4. Utica-Rome-NY only increased + 1.56% between 1997 and 1998
  5. Pittsfield-MA only increased + 2.16% between 1997 and 1998

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 82601 - CASPER, WY

MSA Pop: 68211
Zip Pop: 23230
Avg Value: 75700
County: NATRONA
Elev: 5122
Region: West
Lat: 42.840624
Long: -106.320876