Real Estate Appreciation for Cheyenne, Wyoming: + 22.96%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Cheyenne, Wyoming MSA appreciation it was + 22.96% (+ 7.65% yearly) from 2004 to 2006.
During the same time period, WY had + 36.54% (+ 12.18% yearly).
From 2004 to 2006, Wyoming outperformed the individual Cheyenne, Wyoming MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Cheyenne-WY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 156.77 | + 2.51% | + 10.04% |
| 2004 | 3 | 162.4 | + 3.59% | + 14.36% |
| 2004 | 4 | 165.44 | + 1.87% | + 7.49% |
| 2005 | 1 | 168.49 | + 1.84% | + 7.37% |
| 2005 | 2 | 169.1 | + 0.36% | + 1.45% |
| 2005 | 3 | 174.49 | + 3.19% | + 12.75% |
| 2005 | 4 | 177.06 | + 1.47% | + 5.89% |
| 2006 | 1 | 181.75 | + 2.65% | + 10.60% |
| 2006 | 2 | 180.5 | - 0.69% | - 2.75% |
| 2006 | 3 | 186.6 | + 3.38% | + 13.52% |
| 2006 | 4 | 188.04 | + 0.77% | + 3.09% |
There are a lot of ways to use the appreciation data for Cheyenne, Wyoming .
Lets look at Cheyenne, Wyoming, a city located in Cheyenne, Wyoming 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 Cheyenne, Wyoming check out Spec-Loan.com
If you were going to do a Cheyenne, Wyoming Refinance, or Cheyenne, Wyoming Reverse Mortgages, you could estimate your home value.
If you knew your Cheyenne, Wyoming home was worth $110,000.00 in 2004, you could multiply by + 22.96%, add the gain and see the home should be worth $135,254.04 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cheyenne-WY from 2004 to 2006:
+ 7.65%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 82001 - CHEYENNE, WY
MSA Pop: 84083Zip Pop: 34767
Avg Value: 94200
County: LARAMIE
Elev: 6062
Region: West
Lat: 41.141572
Long: -104.791325