Real Estate Appreciation for Decatur, Alabama: + 5.13%
Appreciation for MSAs:.
Let's start by comparing Decatur, Alabama to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 5.13% (+ 2.57% yearly) for the Decatur, Alabama MSA.
The entire state of AL had + 6.57% appreciation (+ 3.29% 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 by + 28.03%.
Decatur-AL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
There are a lot of ways to use the appreciation data for Decatur, Alabama .
Lets look at Decatur, Alabama, a city located in Decatur, Alabama MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Decatur, Alabama 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 $105,000.00 in 2002, you could multiply by + 5.13%, add the gain and see the home should be worth $110,390.52 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Decatur-AL from 2002 to 2003:
+ 2.57%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .
- Fresno-CA increased + 36.89% from 2002 to the end of 2003
- Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
- Chico-CA increased + 35.05% from 2002 to the end of 2003
- Madera-CA increased + 34.32% from 2002 to the end of 2003
- Redding-CA increased + 34.01% from 2002 to the end of 2003
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
Zip Code in MSA: 35601 - DECATUR, AL
MSA Pop: 147204Zip Pop: 34859
Avg Value: 74600
County: MORGAN
Elev: 573
Region: South
Lat: 34.589482
Long: -86.982979