Real Estate Appreciation for Columbus, Georgia, Alabama: + 19.91%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Columbus, Georgia, Alabama MSA appreciated + 19.91% (+ 6.64% yearly) between 2003 and the end of 2005.
The state of GA had + 15.28% total appreciation (+ 5.09% yearly).
The Columbus, Georgia, Alabama MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 30.28% faster than the state as a whole.
Columbus-GA-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 140.34 | + 1.05% | + 4.21% |
| 2003 | 3 | 141.37 | + 0.73% | + 2.94% |
| 2003 | 4 | 141.83 | + 0.33% | + 1.30% |
| 2004 | 1 | 144.28 | + 1.73% | + 6.91% |
| 2004 | 2 | 146.7 | + 1.68% | + 6.71% |
| 2004 | 3 | 151.36 | + 3.18% | + 12.71% |
| 2004 | 4 | 150.44 | - 0.61% | - 2.43% |
| 2005 | 1 | 155.7 | + 3.50% | + 13.99% |
| 2005 | 2 | 159.54 | + 2.47% | + 9.87% |
| 2005 | 3 | 164.99 | + 3.42% | + 13.66% |
| 2005 | 4 | 166.53 | + 0.93% | + 3.73% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Columbus-GA-AL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Georgia, you can do some research at Spec-Loan.com.
If you were going to do a Buena Vista, Georgia Refinance, or Buena Vista, Georgia Reverse Mortgages, you could estimate your home value.
If you knew your Buena Vista, Georgia home was worth $108,000.00 in 2003, you could multiply by + 19.91%, add the gain and see the home should be worth $129,502.02 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-GA-AL from 2003 to 2005:
+ 6.64%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2003 to 2005 were Burlington-NC, Lafayette-IN, Jonesboro-AR, Anderson-IN, and Rocky-Mount-NC .
- Burlington-NC only increased + 3.06% between 2003 and 2005
- Lafayette-IN only increased + 4.69% between 2003 and 2005
- Jonesboro-AR only increased + 5.04% between 2003 and 2005
- Anderson-IN only increased + 5.16% between 2003 and 2005
- Rocky-Mount-NC only increased + 5.82% between 2003 and 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 31803 - BUENA VISTA, GA
MSA Pop: 287082Zip Pop: 4706
Avg Value: 56200
County: MARION
Elev: 657
Region: South
Lat: 32.315036
Long: -84.513451