Real Estate Appreciation for Clarksville, Tennessee, Kentucky: + 7.89%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Clarksville, Tennessee, Kentucky MSA appreciated + 7.89% (+ 2.63% yearly) for the period between 2001 and the end of 2003.
The state had + 9.07% total appreciation (+ 3.02% yearly).
The state average for Tennessee was higher than the real estate appreciation in the Clarksville, Tennessee, Kentucky MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 15.00% faster than this MSA.
Clarksville-TN-KY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 124.53 | - 0.20% | - 0.80% |
| 2001 | 3 | 126.08 | + 1.24% | + 4.98% |
| 2001 | 4 | 125.8 | - 0.22% | - 0.89% |
| 2002 | 1 | 126.71 | + 0.72% | + 2.89% |
| 2002 | 2 | 127.33 | + 0.49% | + 1.96% |
| 2002 | 3 | 128.31 | + 0.77% | + 3.08% |
| 2002 | 4 | 131.17 | + 2.23% | + 8.92% |
| 2003 | 1 | 131.47 | + 0.23% | + 0.91% |
| 2003 | 2 | 131.72 | + 0.19% | + 0.76% |
| 2003 | 3 | 131.48 | - 0.18% | - 0.73% |
| 2003 | 4 | 134.62 | + 2.39% | + 9.55% |
There are a lot of ways to use the appreciation data for Clarksville, Tennessee, Kentucky .
Lets look at Bumpus Mills, Tennessee, a city located in Clarksville, Tennessee, Kentucky 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 Bumpus Mills, Tennessee check out Spec-Loan.com
If you were going to do a Bumpus Mills, Tennessee Refinance, or Bumpus Mills, Tennessee Reverse Mortgages, you could estimate your home value.
If you knew your Bumpus Mills, Tennessee home was worth $104,000.00 in 2001, you could multiply by + 7.89%, add the gain and see the home should be worth $112,201.31 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Clarksville-TN-KY from 2001 to 2003:
+ 2.63%
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: 37028 - BUMPUS MILLS, TN
MSA Pop: 236700Zip Pop: 497
Avg Value: 73600
County: STEWART
Elev: 400
Region: South
Lat: 36.660074
Long: -87.829183