Real Estate Appreciation for Colorado Springs, Colorado: + 10.65%
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 + 10.65% (+ 5.33% yearly).
All of the property in CO averaged + 7.39% change in value (+ 3.69% yearly).
Colorado-Springs-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2005 | 2 | 174.47 | + 2.96% | + 11.85% |
| 2005 | 3 | 177.13 | + 1.52% | + 6.10% |
| 2005 | 4 | 180.28 | + 1.78% | + 7.11% |
| 2006 | 1 | 181.73 | + 0.80% | + 3.22% |
| 2006 | 2 | 183.33 | + 0.88% | + 3.52% |
| 2006 | 3 | 184.75 | + 0.77% | + 3.10% |
| 2006 | 4 | 187.5 | + 1.49% | + 5.95% |
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 $111,000.00 in 2005, you could multiply by + 10.65%, add the gain and see the home should be worth $122,823.84 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 2005 to 2006:
+ 5.33%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 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