Real Estate Appreciation for Decatur, Alabama: + 22.50%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Decatur, Alabama did compared to the state as a whole.
The Decatur, Alabama MSA property value change was + 22.50% (+ 4.50% yearly).
All of the property in AL averaged + 20.38% change in value (+ 4.08% yearly).
Decatur-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1996-1999 Quarterly Detailed Appreciation
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 Decatur, Alabama Refinance, or Decatur, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Decatur, Alabama home was worth $94,000.00 in 1995, you could multiply by + 22.50%, add the gain and see the home should be worth $115,150.00 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Decatur-AL from 1995 to 1999:
+ 4.50%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 1999 were Honolulu-HI, Bakersfield-CA, Utica-Rome-NY, Albany-Schenectady-Troy-NY, and Madera-CA .
- Honolulu-HI decreased by - 15.07% between 1995 and 1999
- Bakersfield-CA only increased + 2.63% between 1995 and 1999
- Utica-Rome-NY only increased + 2.95% between 1995 and 1999
- Albany-Schenectady-Troy-NY only increased + 3.11% between 1995 and 1999
- Madera-CA only increased + 3.11% between 1995 and 1999
The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .
- Casper-WY lost - 42.34% from 1983 to 1987
- Lafayette-LA lost - 39.59% from 1983 thru 1987
- Lafayette-LA lost - 37.20% from 1984 thru 1988
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
Zip Code in MSA: 35609 - DECATUR, AL
MSA Pop: 147204Zip Pop: 0
Avg Value: 0
County: MORGAN
Elev: 573
Region: South
Lat: 34.61088
Long: -87.02129