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 + 52.77% (+ 4.40% yearly) between 1993 and the end of 2004.

The state of IN had + 57.46% total appreciation (+ 4.79% yearly). The state average for Indiana was higher than the real estate appreciation in the Columbus, Indiana MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 8.89% faster than this MSA.

Columbus-IN

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation


Lets look at Hope, 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 Hope, Indiana Refinance, or Hope, Indiana Reverse Mortgages, you could estimate your home value.

If you knew your Hope, Indiana home was worth $97,000.00 in 1993, you could multiply by + 52.77%, add the gain and see the home should be worth $148,182.29 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-IN from 1993 to 2004:
+ 4.40%

Appreciation Comparisons

The top 5 performing MSAs from 1993 to 2004 were Barnstable-Town-MA, Salinas-CA, San-Diego-Carlsbad-San-Marcos-CA, Napa-CA, and Ocean-City-NJ .

  1. Barnstable-Town-MA increased +183.32% from 1993 to the end of 2004
  2. Salinas-CA increased +182.48% from 1993 to the end of 2004
  3. San-Diego-Carlsbad-San-Marcos-CA increased +170.10% from 1993 to the end of 2004
  4. Napa-CA increased +156.08% from 1993 to the end of 2004
  5. Ocean-City-NJ increased +153.55% from 1993 to the end of 2004

For a 12 year period, the top 5 performing MSAs of all time are Oxnard-Thousand-Oaks-Ventura-CA, Bridgeport-Stamford-Norwalk-CT, San-Jose-Sunnyvale-Santa-Clara-CA, Providence-New-Bedford-Fall-River-RI-MA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Oxnard-Thousand-Oaks-Ventura-CA increased +288.32% from 1977 thru 1988
  2. Bridgeport-Stamford-Norwalk-CT increased +284.24% from 1977 thru 1988
  3. San-Jose-Sunnyvale-Santa-Clara-CA increased +270.45% from 1977 thru 1988
  4. Providence-New-Bedford-Fall-River-RI-MA increased +269.41% from 1977 thru 1988
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +267.22% from 1978 thru 1989

Zip Code in MSA: 47246 - HOPE, IN

MSA Pop: 72341
Zip Pop: 4357
Avg Value: 88900
County: BARTHOLOMEW
Elev: 629
Region: Midwest
Lat: 39.292472
Long: -85.759959