Real Estate Appreciation for Columbus, Indiana: + 27.26%
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, Indiana MSA appreciated + 27.26% (+ 6.82% yearly) between 1993 and the end of 1996.
The state of IN had + 18.54% total appreciation (+ 4.63% yearly).
The Columbus, Indiana MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 47.07% faster than the state as a whole.
Columbus-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 85.79 | + 1.82% | + 7.26% |
| 1993 | 3 | 86.66 | + 1.01% | + 4.06% |
| 1993 | 4 | 88.25 | + 1.83% | + 7.34% |
| 1994 | 1 | 90.5 | + 2.55% | + 10.20% |
| 1994 | 2 | 95.35 | + 5.36% | + 21.44% |
| 1994 | 3 | 98.99 | + 3.82% | + 15.27% |
| 1994 | 4 | 98.69 | - 0.30% | - 1.21% |
| 1995 | 1 | 100 | + 1.33% | + 5.31% |
| 1995 | 2 | 102.3 | + 2.30% | + 9.20% |
| 1995 | 3 | 105.17 | + 2.81% | + 11.22% |
| 1995 | 4 | 106.27 | + 1.05% | + 4.18% |
| 1996 | 1 | 106.1 | - 0.16% | - 0.64% |
| 1996 | 2 | 107.82 | + 1.62% | + 6.48% |
| 1996 | 3 | 109.19 | + 1.27% | + 5.08% |
| 1996 | 4 | 107.23 | - 1.80% | - 7.18% |
Lets look at Columbus, Indiana, a city located in Columbus, Indiana MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Columbus, Indiana Refinance, or Columbus, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Columbus, Indiana home was worth $89,000.00 in 1993, you could multiply by + 27.26%, add the gain and see the home should be worth $113,262.16 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-IN from 1993 to 1996:
+ 6.82%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
Zip Code in MSA: 47203 - COLUMBUS, IN
MSA Pop: 72341Zip Pop: 23965
Avg Value: 116300
County: BARTHOLOMEW
Elev: 629
Region: Midwest
Lat: 39.231962
Long: -85.874317