Appreciation for MSAs:.

Let's start by comparing Columbus, Indiana to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 6.83% (+ 2.28% yearly) for the Columbus, Indiana MSA.

The entire state of IN had + 8.70% appreciation (+ 2.90% 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 by + 27.43%.

Columbus-IN

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 120.55 + 0.05% + 0.20%
2002 3 121.6 + 0.87% + 3.48%
2002 4 122.78 + 0.97% + 3.88%
2003 1 123.17 + 0.32% + 1.27%
2003 2 122.95 - 0.18% - 0.71%
2003 3 124.27 + 1.07% + 4.29%
2003 4 125.45 + 0.95% + 3.80%
2004 1 126.1 + 0.52% + 2.07%
2004 2 127.09 + 0.79% + 3.14%
2004 3 127.79 + 0.55% + 2.20%
2004 4 128.72 + 0.73% + 2.91%


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 Columbus, Indiana Refinance, or Columbus, Indiana Reverse Mortgages, you could estimate your home value.

If you knew your Columbus, Indiana home was worth $106,000.00 in 2002, you could multiply by + 6.83%, add the gain and see the home should be worth $113,240.27 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-IN from 2002 to 2004:
+ 2.28%

Appreciation Comparisons

The worst 5 MSAs from 2002 to 2004 were Jackson-TN, Ogden-Clearfield-UT, Austin-Round-Rock-TX, Lafayette-IN, and Burlington-NC .

  1. Jackson-TN only increased + 4.30% between 2002 and 2004
  2. Ogden-Clearfield-UT only increased + 4.40% between 2002 and 2004
  3. Austin-Round-Rock-TX only increased + 4.43% between 2002 and 2004
  4. Lafayette-IN only increased + 4.95% between 2002 and 2004
  5. Burlington-NC only increased + 5.39% between 2002 and 2004

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 47202 - COLUMBUS, IN

MSA Pop: 72341
Zip Pop: 0
Avg Value: 0
County: BARTHOLOMEW
Elev: 629
Region: Midwest
Lat: 39.20587
Long: -85.921439