Real Estate Appreciation for Corpus Christi, Texas: + 8.45%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Corpus Christi, Texas MSA appreciation it was + 8.45% (+ 2.11% yearly) from 1994 to 1997.
During the same time period, TX had + 8.47% (+ 2.12% yearly).
From 1994 to 1997, Texas outperformed the individual Corpus Christi, Texas MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Corpus-Christi-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 99.11 | - 0.13% | - 0.52% |
| 1994 | 3 | 100.99 | + 1.90% | + 7.59% |
| 1994 | 4 | 100.26 | - 0.72% | - 2.89% |
| 1995 | 1 | 100 | - 0.26% | - 1.04% |
| 1995 | 2 | 103.21 | + 3.21% | + 12.84% |
| 1995 | 3 | 103.97 | + 0.74% | + 2.95% |
| 1995 | 4 | 103.16 | - 0.78% | - 3.12% |
| 1996 | 1 | 104.67 | + 1.46% | + 5.85% |
| 1996 | 2 | 104.87 | + 0.19% | + 0.76% |
| 1996 | 3 | 104.66 | - 0.20% | - 0.80% |
| 1996 | 4 | 106.1 | + 1.38% | + 5.50% |
| 1997 | 1 | 103.82 | - 2.15% | - 8.60% |
| 1997 | 2 | 105.49 | + 1.61% | + 6.43% |
| 1997 | 3 | 107.92 | + 2.30% | + 9.21% |
| 1997 | 4 | 107.63 | - 0.27% | - 1.07% |
Some of the ways peope use our appreciation data for Corpus Christi, Texas include real estate investment .
Lets look at Aransas Pass, Texas, a city located in Corpus Christi, Texas MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Texas check out Spec-Loan.com
If you were going to do a Aransas Pass, Texas Refinance, or Aransas Pass, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Aransas Pass, Texas home was worth $91,000.00 in 1994, you could multiply by + 8.45%, add the gain and see the home should be worth $98,693.37 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Corpus-Christi-TX from 1994 to 1997:
+ 2.11%
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: 78336 - ARANSAS PASS, TX
MSA Pop: 406830Zip Pop: 12106
Avg Value: 46400
County: SAN PATRICIO
Elev: 54
Region: South
Lat: 27.903685
Long: -97.159316