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 + 16.16% (+ 5.39% yearly) between 2003 and the end of 2005.

The state of CO had + 13.21% total appreciation (+ 4.40% yearly). The Colorado Springs, Colorado MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 22.33% faster than the state as a whole.

Colorado-Springs-CO

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2005 1 169.45 + 1.11% + 4.44%
2005 2 174.47 + 2.96% + 11.85%
2005 3 177.13 + 1.52% + 6.10%
2005 4 180.28 + 1.78% + 7.11%


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 $108,000.00 in 2003, you could multiply by + 16.16%, add the gain and see the home should be worth $125,452.58 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 2003 to 2005:
+ 5.39%

Appreciation Comparisons

The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
  4. Madera-CA increased + 85.39% from 2003 to the end of 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005

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 .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

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