Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Colorado Springs, Colorado MSA appreciation it was + 21.56% (+ 7.19% yearly) from 1994 to 1996.

During the same time period, CO had + 21.97% (+ 7.32% yearly). From 1994 to 1996, Colorado outperformed the individual Colorado Springs, Colorado MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Colorado-Springs-CO

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1994 2 95.49 + 4.10% + 16.40%
1994 3 98.09 + 2.72% + 10.89%
1994 4 98.37 + 0.29% + 1.14%
1995 1 100 + 1.66% + 6.63%
1995 2 101.54 + 1.54% + 6.16%
1995 3 104.26 + 2.68% + 10.71%
1995 4 105.47 + 1.16% + 4.64%
1996 1 108.17 + 2.56% + 10.24%
1996 2 109 + 0.77% + 3.07%
1996 3 110.33 + 1.22% + 4.88%
1996 4 111.51 + 1.07% + 4.28%


If you need information on Hard Money Rehab Loans in Elbert, Colorado look at Spec-Loan.com

If you were going to do a Elbert, Colorado Refinance, or Elbert, Colorado Reverse Mortgages, you could estimate your home value.

If you knew your Elbert, Colorado home was worth $90,000.00 in 1994, you could multiply by + 21.56%, add the gain and see the home should be worth $109,406.96 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 1994 to 1996:
+ 7.19%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .

  1. Binghamton-NY decreased by - 13.28% between 1994 and 1996
  2. Kingston-NY decreased by - 11.87% between 1994 and 1996
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
  4. Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
  5. Honolulu-HI decreased by - 9.66% between 1994 and 1996

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 80106 - ELBERT, CO

MSA Pop: 572264
Zip Pop: 3415
Avg Value: 226800
County: EL PASO
Elev: 6008
Region: West
Lat: 39.058549
Long: -104.593857