Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Columbus, Indiana MSA appreciation it was + 9.67% (+ 3.22% yearly) from 2004 to 2006.

During the same time period, IN had + 9.44% (+ 3.15% yearly). You can see that the Columbus, Indiana MSA experienced higher appreciation in this case.

Columbus-IN

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2004 2 127.09 + 0.79% + 3.14%
2004 3 127.79 + 0.55% + 2.20%
2004 4 128.72 + 0.73% + 2.91%
2005 1 130.24 + 1.18% + 4.72%
2005 2 133.18 + 2.26% + 9.03%
2005 3 134.04 + 0.65% + 2.58%
2005 4 134.69 + 0.48% + 1.94%
2006 1 136.84 + 1.60% + 6.39%
2006 2 134.16 - 1.96% - 7.83%
2006 3 137.25 + 2.30% + 9.21%
2006 4 138.3 + 0.77% + 3.06%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $110,000.00 in 2004, you could multiply by + 9.67%, add the gain and see the home should be worth $120,642.35 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-IN from 2004 to 2006:
+ 3.22%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2004 to 2006 were Saginaw-Saginaw-Township-North-MI, Kokomo-IN, Anderson-IN, Muncie-IN, and Lafayette-IN .

  1. Saginaw-Saginaw-Township-North-MI only increased + 0.82% between 2004 and 2006
  2. Kokomo-IN only increased + 0.99% between 2004 and 2006
  3. Anderson-IN only increased + 2.08% between 2004 and 2006
  4. Muncie-IN only increased + 2.23% between 2004 and 2006
  5. Lafayette-IN only increased + 2.44% between 2004 and 2006

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