Real Estate Appreciation for Chico, California: + 65.72%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Chico, California MSA appreciated + 65.72% (+ 16.43% yearly) between 2003 and the end of 2006.
The state of CA had + 78.32% total appreciation (+ 19.58% yearly).
The state average for California was higher than the real estate appreciation in the Chico, California MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 19.18% faster than this MSA.
Chico-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2005 | 1 | 231.48 | + 3.49% | + 13.95% |
| 2005 | 2 | 243.97 | + 5.40% | + 21.58% |
| 2005 | 3 | 257.53 | + 5.56% | + 22.23% |
| 2005 | 4 | 265.99 | + 3.29% | + 13.14% |
| 2006 | 1 | 273.13 | + 2.68% | + 10.74% |
| 2006 | 2 | 273.14 | + 0.00% | + 0.01% |
| 2006 | 3 | 271.17 | - 0.72% | - 2.88% |
| 2006 | 4 | 268.84 | - 0.86% | - 3.44% |
Lets look at Berry Creek, California, a city located in Chico, California MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $109,000.00 in 2003, you could multiply by + 65.72%, add the gain and see the home should be worth $180,629.72 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Chico-CA from 2003 to 2006:
+ 16.43%
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: 95916 - BERRY CREEK, CA
MSA Pop: 211010Zip Pop: 1276
Avg Value: 101600
County: BUTTE
Elev: 174
Region: West
Lat: 39.637154
Long: -121.390333