Real Estate Appreciation for Clarksville, Tennessee, Kentucky: + 8.40%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Clarksville, Tennessee, Kentucky did compared to the state as a whole.
The Clarksville, Tennessee, Kentucky MSA property value change was + 8.40% (+ 4.20% yearly).
All of the property in TN averaged + 8.88% change in value (+ 4.44% yearly).
Clarksville-TN-KY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 107.94 | + 0.69% | + 2.76% |
| 1997 | 3 | 110.5 | + 2.37% | + 9.49% |
| 1997 | 4 | 112.26 | + 1.59% | + 6.37% |
| 1998 | 1 | 113.48 | + 1.09% | + 4.35% |
| 1998 | 2 | 113.54 | + 0.05% | + 0.21% |
| 1998 | 3 | 112.33 | - 1.07% | - 4.26% |
| 1998 | 4 | 116.21 | + 3.45% | + 13.82% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Big Rock, Tennessee Refinance, or Big Rock, Tennessee Reverse Mortgages, you could estimate your home value.
If you knew your Big Rock, Tennessee home was worth $95,000.00 in 1997, you could multiply by + 8.40%, add the gain and see the home should be worth $102,984.61 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Clarksville-TN-KY from 1997 to 1998:
+ 4.20%
Appreciation Comparisons
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
The top 5 performing MSAs from 1997 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Diego-Carlsbad-San-Marcos-CA, Gadsden-AL, and Waterloo-Cedar-Falls-IA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 24.79% from 1997 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 20.64% from 1997 to the end of 1998
- San-Diego-Carlsbad-San-Marcos-CA increased + 16.27% from 1997 to the end of 1998
- Gadsden-AL increased + 14.96% from 1997 to the end of 1998
- Waterloo-Cedar-Falls-IA increased + 13.76% from 1997 to the end of 1998
Zip Code in MSA: 37023 - BIG ROCK, TN
MSA Pop: 236700Zip Pop: 1670
Avg Value: 76600
County: STEWART
Elev: 400
Region: South
Lat: 36.596277
Long: -87.698764