Real Estate Appreciation for Decatur, Alabama: + 13.33%
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 Decatur, Alabama MSA appreciated + 13.33% (+ 3.33% yearly) for the period between 1999 and the end of 2002.
The state had + 14.11% total appreciation (+ 3.53% yearly).
The state average for Alabama was higher than the real estate appreciation in the Decatur, Alabama MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 5.82% faster than this MSA.
Decatur-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 122.5 | + 1.75% | + 7.01% |
| 1999 | 3 | 122.84 | + 0.28% | + 1.11% |
| 1999 | 4 | 122.5 | - 0.28% | - 1.11% |
| 2000 | 1 | 124.48 | + 1.62% | + 6.47% |
| 2000 | 2 | 124.67 | + 0.15% | + 0.61% |
| 2000 | 3 | 125.23 | + 0.45% | + 1.80% |
| 2000 | 4 | 126.23 | + 0.80% | + 3.19% |
| 2001 | 1 | 130.47 | + 3.36% | + 13.44% |
| 2001 | 2 | 130.35 | - 0.09% | - 0.37% |
| 2001 | 3 | 130.52 | + 0.13% | + 0.52% |
| 2001 | 4 | 131.49 | + 0.74% | + 2.97% |
| 2002 | 1 | 132.26 | + 0.59% | + 2.34% |
| 2002 | 2 | 132.38 | + 0.09% | + 0.36% |
| 2002 | 3 | 134.28 | + 1.44% | + 5.74% |
| 2002 | 4 | 136.44 | + 1.61% | + 6.43% |
Lets look at Decatur, Alabama, a city located in Decatur, Alabama MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
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 $101,000.00 in 1999, you could multiply by + 13.33%, add the gain and see the home should be worth $114,464.99 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Decatur-AL from 1999 to 2002:
+ 3.33%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .
- Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
- Napa-CA increased + 71.93% from 1999 to the end of 2002
- Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
- Salinas-CA increased + 68.96% from 1999 to the end of 2002
Zip Code in MSA: 35603 - DECATUR, AL
MSA Pop: 147204Zip Pop: 26125
Avg Value: 115300
County: MORGAN
Elev: 573
Region: South
Lat: 34.546022
Long: -86.980132