Real Estate Appreciation for El Paso, Texas: + 4.48%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how El Paso, Texas did compared to the state as a whole.
The El Paso, Texas MSA property value change was + 4.48% (+ 1.12% yearly).
All of the property in TX averaged + 14.23% change in value (+ 3.56% yearly).
El-Paso-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 102.41 | + 2.41% | + 9.64% |
| 1995 | 3 | 103.06 | + 0.63% | + 2.54% |
| 1995 | 4 | 103.67 | + 0.59% | + 2.37% |
| 1996 | 1 | 104.15 | + 0.46% | + 1.85% |
| 1996 | 2 | 103.21 | - 0.90% | - 3.61% |
| 1996 | 3 | 100.39 | - 2.73% | - 10.93% |
| 1996 | 4 | 99.41 | - 0.98% | - 3.90% |
| 1997 | 1 | 102.09 | + 2.70% | + 10.78% |
| 1997 | 2 | 101.16 | - 0.91% | - 3.64% |
| 1997 | 3 | 101.08 | - 0.08% | - 0.32% |
| 1997 | 4 | 102.19 | + 1.10% | + 4.39% |
| 1998 | 1 | 104.6 | + 2.36% | + 9.43% |
| 1998 | 2 | 102.46 | - 2.05% | - 8.18% |
| 1998 | 3 | 102.79 | + 0.32% | + 1.29% |
| 1998 | 4 | 104.48 | + 1.64% | + 6.58% |
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 Canutillo, Texas 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 El Paso, Texas.
If you were going to do a Canutillo, Texas Refinance, or Canutillo, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Canutillo, Texas home was worth $93,000.00 in 1995, you could multiply by + 4.48%, add the gain and see the home should be worth $97,166.40 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for El-Paso-TX from 1995 to 1998:
+ 1.12%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
- Bay-City-MI increased + 32.31% from 1995 to the end of 1998
- Jackson-MI increased + 31.57% from 1995 to the end of 1998
- Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
- Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998
Zip Code in MSA: 79835 - CANUTILLO, TX
MSA Pop: 705436Zip Pop: 10745
Avg Value: 42800
County: EL PASO
Elev: 3695
Region: South
Lat: 31.928903
Long: -106.591809