Real Estate Appreciation for Columbus, Indiana: + 5.96%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Columbus, Indiana did compared to the state as a whole.
The Columbus, Indiana MSA property value change was + 5.96% (+ 2.98% yearly).
All of the property in IN averaged + 8.04% change in value (+ 4.02% yearly).
Columbus-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 110.03 | + 1.91% | + 7.63% |
| 1997 | 3 | 111.09 | + 0.96% | + 3.85% |
| 1997 | 4 | 112.53 | + 1.30% | + 5.18% |
| 1998 | 1 | 112.86 | + 0.29% | + 1.17% |
| 1998 | 2 | 114.61 | + 1.55% | + 6.20% |
| 1998 | 3 | 113.85 | - 0.66% | - 2.65% |
| 1998 | 4 | 114.4 | + 0.48% | + 1.93% |
There are a lot of ways to use the appreciation data for Columbus, Indiana .
Lets look at Columbus, Indiana, a city located in Columbus, Indiana 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 Columbus, Indiana 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 $95,000.00 in 1997, you could multiply by + 5.96%, add the gain and see the home should be worth $100,657.59 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-IN from 1997 to 1998:
+ 2.98%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 47201 - COLUMBUS, IN
MSA Pop: 72341Zip Pop: 37915
Avg Value: 94500
County: BARTHOLOMEW
Elev: 629
Region: Midwest
Lat: 39.200842
Long: -85.93243