Real Estate Appreciation for Cedar Rapids, Iowa: + 31.86%
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 + 31.86% (+ 3.98% yearly).
All of the property in IA averaged + 39.77% change in value (+ 4.97% yearly).
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
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Cedar-Rapids-IA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Iowa, you can do some research at Spec-Loan.com.
If you were going to do a Belle Plaine, Iowa Refinance, or Belle Plaine, Iowa Reverse Mortgages, you could estimate your home value.
If you knew your Belle Plaine, Iowa home was worth $101,000.00 in 1997, you could multiply by + 31.86%, add the gain and see the home should be worth $133,183.37 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cedar-Rapids-IA from 1997 to 2004:
+ 3.98%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 52208 - BELLE PLAINE, IA
MSA Pop: 242744Zip Pop: 3488
Avg Value: 62800
County: BENTON
Elev: 810
Region: Midwest
Lat: 41.896951
Long: -92.276556