Real Estate Appreciation for Chattanooga, Tennessee, Georgia: + 10.32%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Chattanooga, Tennessee, Georgia did compared to the state as a whole.
The Chattanooga, Tennessee, Georgia MSA property value change was + 10.32% (+ 5.16% yearly).
All of the property in TN averaged + 9.97% change in value (+ 4.98% yearly).
Chattanooga-TN-GA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 102.26 | + 2.26% | + 9.04% |
| 1995 | 3 | 103.03 | + 0.75% | + 3.01% |
| 1995 | 4 | 105.2 | + 2.11% | + 8.42% |
| 1996 | 1 | 106.83 | + 1.55% | + 6.20% |
| 1996 | 2 | 107.28 | + 0.42% | + 1.68% |
| 1996 | 3 | 108.53 | + 1.17% | + 4.66% |
| 1996 | 4 | 110.32 | + 1.65% | + 6.60% |
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 Chattanooga-TN-GA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Tennessee, you can do some research at Spec-Loan.com.
If you were going to do a Chickamauga, Tennessee Refinance, or Chickamauga, Tennessee Reverse Mortgages, you could estimate your home value.
If you knew your Chickamauga, Tennessee home was worth $91,000.00 in 1995, you could multiply by + 10.32%, add the gain and see the home should be worth $100,391.20 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Chattanooga-TN-GA from 1995 to 1996:
+ 5.16%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Pittsfield-MA, Danville-IL, and Bay-City-MI .
- Salt-Lake-City-UT increased + 17.55% from 1995 to the end of 1996
- Ogden-Clearfield-UT increased + 17.36% from 1995 to the end of 1996
- Pittsfield-MA increased + 17.05% from 1995 to the end of 1996
- Danville-IL increased + 16.75% from 1995 to the end of 1996
- Bay-City-MI increased + 16.66% from 1995 to the end of 1996
In contrast, the worst 5 MSAs from 1995 to 1996 were Honolulu-HI, Cumberland-MD-WV, Utica-Rome-NY, Binghamton-NY, and Madera-CA .
- Honolulu-HI decreased by - 7.92% between 1995 and 1996
- Cumberland-MD-WV decreased by - 4.44% between 1995 and 1996
- Utica-Rome-NY decreased by - 4.03% between 1995 and 1996
- Binghamton-NY decreased by - 3.46% between 1995 and 1996
- Madera-CA decreased by - 3.21% between 1995 and 1996
Zip Code in MSA: 30707 - CHICKAMAUGA, GA
MSA Pop: 485927Zip Pop: 13836
Avg Value: 74300
County: WALKER
Elev: 823
Region: South
Lat: 34.846084
Long: -85.328228