Real Estate Appreciation for Cedar Rapids, Iowa: + 9.03%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Cedar Rapids, Iowa did compared to the state as a whole.
The Cedar Rapids, Iowa MSA property value change was + 9.03% (+ 3.01% yearly).
All of the property in IA averaged + 12.42% change in value (+ 4.14% yearly).
Cedar-Rapids-IA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 107.63 | + 1.11% | + 4.43% |
| 1997 | 3 | 109.63 | + 1.86% | + 7.43% |
| 1997 | 4 | 109.86 | + 0.21% | + 0.84% |
| 1998 | 1 | 111.82 | + 1.78% | + 7.14% |
| 1998 | 2 | 111.81 | - 0.01% | - 0.04% |
| 1998 | 3 | 113 | + 1.06% | + 4.26% |
| 1998 | 4 | 114.41 | + 1.25% | + 4.99% |
| 1999 | 1 | 115.41 | + 0.87% | + 3.50% |
| 1999 | 2 | 115.95 | + 0.47% | + 1.87% |
| 1999 | 3 | 116.83 | + 0.76% | + 3.04% |
| 1999 | 4 | 116.06 | - 0.66% | - 2.64% |
There are a lot of ways to use the appreciation data for Cedar Rapids, Iowa .
Lets look at Anamosa, Iowa, a city located in Cedar Rapids, Iowa MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Anamosa, Iowa check out Spec-Loan.com
If you were going to do a Anamosa, Iowa Refinance, or Anamosa, Iowa Reverse Mortgages, you could estimate your home value.
If you knew your Anamosa, Iowa home was worth $96,000.00 in 1997, you could multiply by + 9.03%, add the gain and see the home should be worth $104,666.60 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cedar-Rapids-IA from 1997 to 1999:
+ 3.01%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 52205 - ANAMOSA, IA
MSA Pop: 242744Zip Pop: 8087
Avg Value: 83700
County: JONES
Elev: 829
Region: Midwest
Lat: 42.11352
Long: -91.29522