Real Estate Appreciation for Decatur, Alabama: + 6.58%
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 + 6.58% (+ 2.19% yearly) for the period between 2001 and the end of 2003.
The state had + 9.28% total appreciation (+ 3.09% 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 + 41.16% faster than this MSA.
Decatur-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2003 | 1 | 135.59 | - 0.62% | - 2.49% |
| 2003 | 2 | 137.62 | + 1.50% | + 5.99% |
| 2003 | 3 | 138.28 | + 0.48% | + 1.92% |
| 2003 | 4 | 139.05 | + 0.56% | + 2.23% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Decatur, Alabama click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Decatur, Alabama.
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 $104,000.00 in 2001, you could multiply by + 6.58%, add the gain and see the home should be worth $110,839.27 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Decatur-AL from 2001 to 2003:
+ 2.19%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 35602 - DECATUR, AL
MSA Pop: 147204Zip Pop: 0
Avg Value: 0
County: MORGAN
Elev: 573
Region: South
Lat: 34.543962
Long: -86.963191