Real Estate Appreciation for El Paso, Texas: + 27.37%
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 + 27.37% (+ 2.74% yearly).
All of the property in TX averaged + 49.25% change in value (+ 4.93% yearly).
El-Paso-TX
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for El-Paso-TX here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Texas, you can do some research at Spec-Loan.com.
If you were going to do a El Paso, Texas Refinance, or El Paso, Texas Reverse Mortgages, you could estimate your home value.
If you knew your El Paso, Texas home was worth $99,000.00 in 1995, you could multiply by + 27.37%, add the gain and see the home should be worth $126,096.30 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for El-Paso-TX from 1995 to 2004:
+ 2.74%
Appreciation Comparisons
The worst perfoming MSAs ever for a 10 year period, were Midland-TX, Midland-TX, Lafayette-LA, Midland-TX, and Lafayette-LA .
- Midland-TX lost - 34.73% from 1982 to 1991
- Midland-TX lost - 31.11% from 1983 thru 1992
- Lafayette-LA lost - 22.75% from 1982 thru 1991
- Midland-TX lost - 22.05% from 1984 thru 1993
- Lafayette-LA lost - 21.25% from 1983 thru 1992
The top 5 performing MSAs from 1995 to 2004 were San-Diego-Carlsbad-San-Marcos-CA, Salinas-CA, Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, and Oxnard-Thousand-Oaks-Ventura-CA .
- San-Diego-Carlsbad-San-Marcos-CA increased +189.90% from 1995 to the end of 2004
- Salinas-CA increased +186.52% from 1995 to the end of 2004
- Barnstable-Town-MA increased +184.65% from 1995 to the end of 2004
- San-Luis-Obispo-Paso-Robles-CA increased +172.94% from 1995 to the end of 2004
- Oxnard-Thousand-Oaks-Ventura-CA increased +168.06% from 1995 to the end of 2004
Zip Code in MSA: 79902 - EL PASO, TX
MSA Pop: 705436Zip Pop: 22941
Avg Value: 89100
County: EL PASO
Elev: 3695
Region: South
Lat: 31.78803
Long: -106.50072