Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Dalton, Georgia MSA appreciated + 10.09% (+ 5.04% yearly) for the period between 2001 and the end of 2002.

The state had + 8.64% total appreciation (+ 4.32% yearly). The Dalton, Georgia MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Dalton-GA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 139.05 + 2.07% + 8.28%
2001 3 139.1 + 0.04% + 0.14%
2001 4 142.42 + 2.39% + 9.55%
2002 1 143.48 + 0.74% + 2.98%
2002 2 146.29 + 1.96% + 7.83%
2002 3 145.7 - 0.40% - 1.61%
2002 4 149.97 + 2.93% + 11.72%


Some of the ways peope use our appreciation data for Dalton, Georgia include real estate investment .

Lets look at Chatsworth, Georgia, a city located in Dalton, Georgia 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 Georgia check out Spec-Loan.com

If you were going to do a Chatsworth, Georgia Refinance, or Chatsworth, Georgia Reverse Mortgages, you could estimate your home value.

If you knew your Chatsworth, Georgia home was worth $103,000.00 in 2001, you could multiply by + 10.09%, add the gain and see the home should be worth $113,388.46 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Dalton-GA from 2001 to 2002:
+ 5.04%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2001 to 2002 were Jacksonville-NC, Provo-Orem-UT, Ogden-Clearfield-UT, Lewiston-ID-WA, and Columbus-IN .

  1. Jacksonville-NC only increased + 1.98% between 2001 and 2002
  2. Provo-Orem-UT only increased + 2.30% between 2001 and 2002
  3. Ogden-Clearfield-UT only increased + 2.59% between 2001 and 2002
  4. Lewiston-ID-WA only increased + 2.59% between 2001 and 2002
  5. Columbus-IN only increased + 2.60% between 2001 and 2002

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 30705 - CHATSWORTH, GA

MSA Pop: 127279
Zip Pop: 31636
Avg Value: 70100
County: MURRAY
Elev: 752
Region: South
Lat: 34.754527
Long: -84.790232