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 + 4.58% (+ 2.29% yearly) for the period between 2001 and the end of 2002.

The state had + 5.84% total appreciation (+ 2.92% 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 + 27.54% faster than this MSA.

Decatur-AL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $103,000.00 in 2001, you could multiply by + 4.58%, add the gain and see the home should be worth $107,713.04 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Decatur-AL from 2001 to 2002:
+ 2.29%

Appreciation Comparisons

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

The top 5 performing MSAs from 2001 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Yuba-City-CA, Providence-New-Bedford-Fall-River-RI-MA, and Chico-CA .

  1. Barnstable-Town-MA increased + 29.22% from 2001 to the end of 2002
  2. San-Luis-Obispo-Paso-Robles-CA increased + 27.71% from 2001 to the end of 2002
  3. Yuba-City-CA increased + 27.51% from 2001 to the end of 2002
  4. Providence-New-Bedford-Fall-River-RI-MA increased + 27.39% from 2001 to the end of 2002
  5. Chico-CA increased + 27.31% from 2001 to the end of 2002

Zip Code in MSA: 35601 - DECATUR, AL

MSA Pop: 147204
Zip Pop: 34859
Avg Value: 74600
County: MORGAN
Elev: 573
Region: South
Lat: 34.589482
Long: -86.982979