Real Estate Appreciation for Columbia, Missouri: + 4.63%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Columbia, Missouri did compared to the state as a whole.
The Columbia, Missouri MSA property value change was + 4.63% (+ 2.31% yearly).
All of the property in MO averaged + 7.29% change in value (+ 3.64% yearly).
Columbia-MO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 106.31 | + 0.20% | + 0.79% |
| 1997 | 3 | 107.68 | + 1.29% | + 5.15% |
| 1997 | 4 | 108.26 | + 0.54% | + 2.15% |
| 1998 | 1 | 108.62 | + 0.33% | + 1.33% |
| 1998 | 2 | 110.57 | + 1.80% | + 7.18% |
| 1998 | 3 | 111.67 | + 0.99% | + 3.98% |
| 1998 | 4 | 111.01 | - 0.59% | - 2.36% |
There are a lot of ways to use the appreciation data for Columbia, Missouri .
Lets look at Ashland, Missouri, a city located in Columbia, Missouri MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Ashland, Missouri check out Spec-Loan.com
If you were going to do a Ashland, Missouri Refinance, or Ashland, Missouri Reverse Mortgages, you could estimate your home value.
If you knew your Ashland, Missouri home was worth $95,000.00 in 1997, you could multiply by + 4.63%, add the gain and see the home should be worth $99,396.32 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbia-MO from 1997 to 1998:
+ 2.31%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Diego-Carlsbad-San-Marcos-CA, Gadsden-AL, and Waterloo-Cedar-Falls-IA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 24.79% from 1997 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 20.64% from 1997 to the end of 1998
- San-Diego-Carlsbad-San-Marcos-CA increased + 16.27% from 1997 to the end of 1998
- Gadsden-AL increased + 14.96% from 1997 to the end of 1998
- Waterloo-Cedar-Falls-IA increased + 13.76% from 1997 to the end of 1998
In contrast, the worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .
- Honolulu-HI decreased by - 3.48% between 1997 and 1998
- Williamsport-PA decreased by - 0.05% between 1997 and 1998
- Ithaca-NY only increased + 1.04% between 1997 and 1998
- Utica-Rome-NY only increased + 1.56% between 1997 and 1998
- Pittsfield-MA only increased + 2.16% between 1997 and 1998
Zip Code in MSA: 65010 - ASHLAND, MO
MSA Pop: 151129Zip Pop: 4040
Avg Value: 115300
County: BOONE
Elev: 758
Region: Midwest
Lat: 38.787891
Long: -92.258565