Real Estate Appreciation for Colorado Springs, Colorado: + 12.24%
Appreciation for MSAs:.
Let's start by comparing Colorado Springs, Colorado to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 12.24% (+ 4.08% yearly) for the Colorado Springs, Colorado MSA.
The entire state of CO had + 10.48% appreciation (+ 3.49% yearly).
The Colorado Springs, Colorado MSA beat out the state. by + 16.87% appreciation.
Colorado-Springs-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 150.5 | + 0.80% | + 3.19% |
| 2002 | 3 | 153.26 | + 1.83% | + 7.34% |
| 2002 | 4 | 154.73 | + 0.96% | + 3.84% |
| 2003 | 1 | 155.2 | + 0.30% | + 1.22% |
| 2003 | 2 | 155.72 | + 0.34% | + 1.34% |
| 2003 | 3 | 156.85 | + 0.73% | + 2.90% |
| 2003 | 4 | 158.53 | + 1.07% | + 4.28% |
| 2004 | 1 | 160.47 | + 1.22% | + 4.89% |
| 2004 | 2 | 161.55 | + 0.67% | + 2.69% |
| 2004 | 3 | 165.44 | + 2.41% | + 9.63% |
| 2004 | 4 | 167.59 | + 1.30% | + 5.20% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Elbert, Colorado click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Colorado Springs, Colorado.
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 $106,000.00 in 2002, you could multiply by + 12.24%, add the gain and see the home should be worth $118,977.56 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 2002 to 2004:
+ 4.08%
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
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