Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Casper, Wyoming MSA appreciation it was + 20.11% (+ 6.70% yearly) from 2000 to 2002.

During the same time period, WY had + 16.41% (+ 5.47% yearly). You can see that the Casper, Wyoming MSA experienced higher appreciation in this case.

Casper-WY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2000 2 125.74 + 2.47% + 9.88%
2000 3 126.26 + 0.41% + 1.65%
2000 4 128.58 + 1.84% + 7.35%
2001 1 129.53 + 0.74% + 2.96%
2001 2 133.06 + 2.73% + 10.90%
2001 3 134.52 + 1.10% + 4.39%
2001 4 135.29 + 0.57% + 2.29%
2002 1 139.21 + 2.90% + 11.59%
2002 2 142.44 + 2.32% + 9.28%
2002 3 147.85 + 3.80% + 15.19%
2002 4 147.39 - 0.31% - 1.24%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $102,000.00 in 2000, you could multiply by + 20.11%, add the gain and see the home should be worth $122,514.71 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Casper-WY from 2000 to 2002:
+ 6.70%

Appreciation Comparisons

The top 5 performing MSAs from 2000 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Modesto-CA, Vallejo-Fairfield-CA, and Napa-CA .

  1. Barnstable-Town-MA increased + 49.98% from 2000 to the end of 2002
  2. San-Luis-Obispo-Paso-Robles-CA increased + 47.67% from 2000 to the end of 2002
  3. Modesto-CA increased + 47.60% from 2000 to the end of 2002
  4. Vallejo-Fairfield-CA increased + 46.66% from 2000 to the end of 2002
  5. Napa-CA increased + 45.33% from 2000 to the end of 2002

In contrast, the worst 5 MSAs from 2000 to 2002 were Wenatchee-WA, Lafayette-IN, Springfield-IL, Ogden-Clearfield-UT, and Provo-Orem-UT .

  1. Wenatchee-WA only increased + 5.30% between 2000 and 2002
  2. Lafayette-IN only increased + 7.07% between 2000 and 2002
  3. Springfield-IL only increased + 7.12% between 2000 and 2002
  4. Ogden-Clearfield-UT only increased + 7.34% between 2000 and 2002
  5. Provo-Orem-UT only increased + 7.67% between 2000 and 2002

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