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 Casper, Wyoming MSA appreciated + 56.21% (+ 9.37% yearly) for the period between 1999 and the end of 2004.

The state had + 44.31% total appreciation (+ 7.38% yearly). The Casper, Wyoming 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.

Casper-WY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


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 $103,000.00 in 1999, you could multiply by + 56.21%, add the gain and see the home should be worth $160,898.68 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Casper-WY from 1999 to 2004:
+ 9.37%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Anchorage-AK lost - 33.17% from 1984 thru 1989
  2. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 82604 - CASPER, WY

MSA Pop: 68211
Zip Pop: 24119
Avg Value: 82900
County: NATRONA
Elev: 5122
Region: West
Lat: 42.827492
Long: -106.384009