Real Estate Appreciation for Cedar Rapids, Iowa: + 68.25%
Appreciation for MSAs:.
Let's start by comparing Cedar Rapids, Iowa to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 68.25% (+ 5.25% yearly) for the Cedar Rapids, Iowa MSA.
The entire state of IA had + 81.06% appreciation (+ 6.24% yearly).
The state average for Iowa was higher than the real estate appreciation in the Cedar Rapids, Iowa MSA. This means the conditions in the MSA for real estate investment were worse by + 18.78%.
Cedar-Rapids-IA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
1992-1995 Quarterly Detailed Appreciation
Lets look at Central City, Iowa, a city located in Cedar Rapids, Iowa 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 Central City, Iowa Refinance, or Central City, Iowa Reverse Mortgages, you could estimate your home value.
If you knew your Central City, Iowa home was worth $96,000.00 in 1992, you could multiply by + 68.25%, add the gain and see the home should be worth $161,518.88 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cedar-Rapids-IA from 1992 to 2004:
+ 5.25%
Appreciation Comparisons
The worst 5 MSAs from 1992 to 2004 were Binghamton-NY, Rochester-NY, Utica-Rome-NY, Syracuse-NY, and Buffalo-Niagara-Falls-NY .
- Binghamton-NY only increased + 14.08% between 1992 and 2004
- Rochester-NY only increased + 26.77% between 1992 and 2004
- Utica-Rome-NY only increased + 29.13% between 1992 and 2004
- Syracuse-NY only increased + 31.10% between 1992 and 2004
- Buffalo-Niagara-Falls-NY only increased + 31.46% between 1992 and 2004
For a 13 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Honolulu-HI, and Santa-Rosa-Petaluma-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +365.89% from 1977 thru 1989
- San-Jose-Sunnyvale-Santa-Clara-CA increased +354.74% from 1976 thru 1988
- Oxnard-Thousand-Oaks-Ventura-CA increased +346.24% from 1977 thru 1989
- Honolulu-HI increased +322.63% from 1978 thru 1990
- Santa-Rosa-Petaluma-CA increased +285.59% from 1977 thru 1989
The worst perfoming MSAs ever for a 13 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Odessa-TX .
- Midland-TX lost - 29.46% from 1982 to 1994
- Midland-TX lost - 24.49% from 1983 thru 1995
- Midland-TX lost - 18.51% from 1984 thru 1996
- Odessa-TX lost - 15.99% from 1984 thru 1996
- Odessa-TX lost - 10.08% from 1985 thru 1997
Zip Code in MSA: 52214 - CENTRAL CITY, IA
MSA Pop: 242744Zip Pop: 3309
Avg Value: 99000
County: LINN
Elev: 732
Region: Midwest
Lat: 42.18114
Long: -91.49136