Real Estate Appreciation for Chico, California: + 35.05%
Appreciation for MSAs:.
Let's start by comparing Chico, California to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 35.05% (+ 17.52% yearly) for the Chico, California MSA.
The entire state of CA had + 26.20% appreciation (+ 13.10% yearly).
The Chico, California MSA beat out the state. by + 33.77% appreciation.
Chico-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 145.98 | + 5.39% | + 21.54% |
| 2002 | 3 | 153.16 | + 4.92% | + 19.67% |
| 2002 | 4 | 158.21 | + 3.30% | + 13.19% |
| 2003 | 1 | 162.23 | + 2.54% | + 10.16% |
| 2003 | 2 | 167.82 | + 3.45% | + 13.78% |
| 2003 | 3 | 175.51 | + 4.58% | + 18.33% |
| 2003 | 4 | 187.07 | + 6.59% | + 26.35% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bangor, California click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Chico, California.
If you were going to do a Bangor, California Refinance, or Bangor, California Reverse Mortgages, you could estimate your home value.
If you knew your Bangor, California home was worth $105,000.00 in 2002, you could multiply by + 35.05%, add the gain and see the home should be worth $141,801.54 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Chico-CA from 2002 to 2003:
+ 17.52%
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 - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 95914 - BANGOR, CA
MSA Pop: 211010Zip Pop: 610
Avg Value: 130500
County: BUTTE
Elev: 174
Region: West
Lat: 39.407258
Long: -121.389825