Real Estate Appreciation for El Paso, Texas: + 16.73%
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 + 16.73% (+ 2.09% yearly).
All of the property in TX averaged + 40.79% change in value (+ 5.10% yearly).
El-Paso-TX
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for El Paso, Texas .
Lets look at Tornillo, Texas, a city located in El Paso, Texas 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 Tornillo, Texas check out Spec-Loan.com
If you were going to do a Tornillo, Texas Refinance, or Tornillo, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Tornillo, Texas home was worth $97,000.00 in 1995, you could multiply by + 16.73%, add the gain and see the home should be worth $113,228.10 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for El-Paso-TX from 1995 to 2002:
+ 2.09%
Appreciation Comparisons
For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .
- Salinas-CA increased +233.30% from 1998 thru 2005
- Springfield-MA increased +225.43% from 1981 thru 1988
- Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
- Salinas-CA increased +204.52% from 1999 thru 2006
- Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 79853 - TORNILLO, TX
MSA Pop: 705436Zip Pop: 3094
Avg Value: 26100
County: EL PASO
Elev: 3695
Region: South
Lat: 31.436001
Long: -106.075648