Real Estate Appreciation for Chico, California: + 61.48%
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 + 61.48% (+ 20.49% yearly) for the Chico, California MSA.
The entire state of CA had + 57.58% appreciation (+ 19.19% yearly).
The Chico, California MSA beat out the state. by + 6.77% 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% |
| 2004 | 1 | 190.49 | + 1.83% | + 7.31% |
| 2004 | 2 | 199.13 | + 4.54% | + 18.14% |
| 2004 | 3 | 215.94 | + 8.44% | + 33.77% |
| 2004 | 4 | 223.68 | + 3.58% | + 14.34% |
There are a lot of ways to use the appreciation data for Chico, California .
Lets look at Berry Creek, California, a city located in Chico, California 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 Berry Creek, California check out Spec-Loan.com
If you were going to do a Berry Creek, California Refinance, or Berry Creek, California Reverse Mortgages, you could estimate your home value.
If you knew your Berry Creek, California home was worth $106,000.00 in 2002, you could multiply by + 61.48%, add the gain and see the home should be worth $171,167.20 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Chico-CA from 2002 to 2004:
+ 20.49%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 95916 - BERRY CREEK, CA
MSA Pop: 211010Zip Pop: 1276
Avg Value: 101600
County: BUTTE
Elev: 174
Region: West
Lat: 39.637154
Long: -121.390333