Real Estate Appreciation for Cedar Rapids, Iowa: + 13.44%
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 Cedar Rapids, Iowa MSA appreciated + 13.44% (+ 3.36% yearly) for the period between 2001 and the end of 2004.
The state had + 16.37% total appreciation (+ 4.09% yearly).
The state average for Iowa was higher than the real estate appreciation in the Cedar Rapids, Iowa MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 21.83% faster than this MSA.
Cedar-Rapids-IA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 124.85 | + 0.90% | + 3.59% |
| 2001 | 3 | 126.2 | + 1.08% | + 4.33% |
| 2001 | 4 | 126.96 | + 0.60% | + 2.41% |
| 2002 | 1 | 128.14 | + 0.93% | + 3.72% |
| 2002 | 2 | 128.51 | + 0.29% | + 1.15% |
| 2002 | 3 | 130.4 | + 1.47% | + 5.88% |
| 2002 | 4 | 131.17 | + 0.59% | + 2.36% |
| 2003 | 1 | 132.43 | + 0.96% | + 3.84% |
| 2003 | 2 | 133.15 | + 0.54% | + 2.17% |
| 2003 | 3 | 134.43 | + 0.96% | + 3.85% |
| 2003 | 4 | 135.54 | + 0.83% | + 3.30% |
| 2004 | 1 | 136.24 | + 0.52% | + 2.07% |
| 2004 | 2 | 137.93 | + 1.24% | + 4.96% |
| 2004 | 3 | 139.06 | + 0.82% | + 3.28% |
| 2004 | 4 | 140.37 | + 0.94% | + 3.77% |
Some of the ways peope use our appreciation data for Cedar Rapids, Iowa include real estate investment .
Lets look at Anamosa, Iowa, a city located in Cedar Rapids, Iowa MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $105,000.00 in 2001, you could multiply by + 13.44%, add the gain and see the home should be worth $119,111.44 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cedar-Rapids-IA from 2001 to 2004:
+ 3.36%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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