Real Estate Appreciation for Colorado Springs, Colorado: + 11.51%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Colorado Springs, Colorado did compared to the state as a whole.
The Colorado Springs, Colorado MSA property value change was + 11.51% (+ 5.76% yearly).
All of the property in CO averaged + 11.20% change in value (+ 5.60% yearly).
Colorado-Springs-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Elbert, Colorado, a city located in Colorado Springs, Colorado 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 Elbert, Colorado Refinance, or Elbert, Colorado Reverse Mortgages, you could estimate your home value.
If you knew your Elbert, Colorado home was worth $91,000.00 in 1995, you could multiply by + 11.51%, add the gain and see the home should be worth $101,474.10 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 1995 to 1996:
+ 5.76%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 80106 - ELBERT, CO
MSA Pop: 572264Zip Pop: 3415
Avg Value: 226800
County: EL PASO
Elev: 6008
Region: West
Lat: 39.058549
Long: -104.593857