Real Estate Appreciation for Columbus, Indiana: + 59.85%
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 + 59.85% (+ 4.60% yearly) between 1993 and the end of 2005.
The state of IN had + 64.81% total appreciation (+ 4.99% 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 + 8.29% faster than this MSA.
Columbus-IN
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
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-IN here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Indiana, you can do some research at Spec-Loan.com.
If you were going to do a Jonesville, Indiana Refinance, or Jonesville, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Jonesville, Indiana home was worth $98,000.00 in 1993, you could multiply by + 59.85%, add the gain and see the home should be worth $156,653.45 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-IN from 1993 to 2005:
+ 4.60%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 47247 - JONESVILLE, IN
MSA Pop: 72341Zip Pop: 126
Avg Value: 53800
County: BARTHOLOMEW
Elev: 629
Region: Midwest
Lat: 39.0613
Long: -85.88875