Real Estate Appreciation for Decatur, Alabama: + 46.60%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Decatur, Alabama MSA appreciated + 46.60% (+ 3.58% yearly) between 1993 and the end of 2005.
The state of AL had + 72.66% total appreciation (+ 5.59% yearly).
The state average for Alabama was higher than the real estate appreciation in the Decatur, Alabama MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 55.93% faster than this MSA.
Decatur-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
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 Decatur-AL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Alabama, you can do some research at Spec-Loan.com.
If you were going to do a Mount Hope, Alabama Refinance, or Mount Hope, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Mount Hope, Alabama home was worth $98,000.00 in 1993, you could multiply by + 46.60%, add the gain and see the home should be worth $143,664.10 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Decatur-AL from 1993 to 2005:
+ 3.58%
Appreciation Comparisons
The worst 5 MSAs from 1993 to 2005 were Rochester-NY, Elmira-NY, Binghamton-NY, Buffalo-Niagara-Falls-NY, and Utica-Rome-NY .
- Rochester-NY only increased + 31.91% between 1993 and 2005
- Elmira-NY only increased + 34.09% between 1993 and 2005
- Binghamton-NY only increased + 34.60% between 1993 and 2005
- Buffalo-Niagara-Falls-NY only increased + 36.77% between 1993 and 2005
- Utica-Rome-NY only increased + 37.94% between 1993 and 2005
For a 13 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Honolulu-HI, and Santa-Rosa-Petaluma-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +365.89% from 1977 thru 1989
- San-Jose-Sunnyvale-Santa-Clara-CA increased +354.74% from 1976 thru 1988
- Oxnard-Thousand-Oaks-Ventura-CA increased +346.24% from 1977 thru 1989
- Honolulu-HI increased +322.63% from 1978 thru 1990
- Santa-Rosa-Petaluma-CA increased +285.59% from 1977 thru 1989
The worst perfoming MSAs ever for a 13 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Odessa-TX .
- Midland-TX lost - 29.46% from 1982 to 1994
- Midland-TX lost - 24.49% from 1983 thru 1995
- Midland-TX lost - 18.51% from 1984 thru 1996
- Odessa-TX lost - 15.99% from 1984 thru 1996
- Odessa-TX lost - 10.08% from 1985 thru 1997
Zip Code in MSA: 35651 - MOUNT HOPE, AL
MSA Pop: 147204Zip Pop: 1244
Avg Value: 65700
County: LAWRENCE
Elev: 650
Region: South
Lat: 34.459853
Long: -87.480478