Real Estate Appreciation for Colorado Springs, Colorado: + 7.98%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Colorado Springs, Colorado MSA appreciated + 7.98% (+ 3.99% yearly) between 2003 and the end of 2004.
The state of CO had + 6.61% total appreciation (+ 3.30% yearly).
The Colorado Springs, Colorado MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 20.84% faster than the state as a whole.
Colorado-Springs-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Colorado Springs, Colorado include real estate investment .
Lets look at Elbert, Colorado, a city located in Colorado Springs, Colorado MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Colorado 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 $107,000.00 in 2003, you could multiply by + 7.98%, add the gain and see the home should be worth $115,542.07 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 2003 to 2004:
+ 3.99%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .
- Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
- Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
- Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
- Madera-CA increased + 48.31% from 2003 to the end of 2004
- Fresno-CA increased + 47.99% from 2003 to the end of 2004
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