Real Estate Appreciation for El Paso, Texas: + 16.18%
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 El Paso, Texas MSA appreciated + 16.18% (+ 4.05% yearly) for the period between 2001 and the end of 2004.
The state had + 13.50% total appreciation (+ 3.37% yearly).
The El Paso, Texas MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
El-Paso-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 110.06 | + 0.39% | + 1.57% |
| 2001 | 3 | 111.03 | + 0.88% | + 3.53% |
| 2001 | 4 | 112.88 | + 1.67% | + 6.66% |
| 2002 | 1 | 111.9 | - 0.87% | - 3.47% |
| 2002 | 2 | 113.1 | + 1.07% | + 4.29% |
| 2002 | 3 | 113.95 | + 0.75% | + 3.01% |
| 2002 | 4 | 116.73 | + 2.44% | + 9.76% |
| 2003 | 1 | 118.51 | + 1.52% | + 6.10% |
| 2003 | 2 | 119.05 | + 0.46% | + 1.82% |
| 2003 | 3 | 120.23 | + 0.99% | + 3.96% |
| 2003 | 4 | 121.33 | + 0.91% | + 3.66% |
| 2004 | 1 | 123.81 | + 2.04% | + 8.18% |
| 2004 | 2 | 124.32 | + 0.41% | + 1.65% |
| 2004 | 3 | 126.84 | + 2.03% | + 8.11% |
| 2004 | 4 | 127.37 | + 0.42% | + 1.67% |
There are a lot of ways to use the appreciation data for El Paso, Texas .
Lets look at Canutillo, 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 Canutillo, Texas check out Spec-Loan.com
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 $105,000.00 in 2001, you could multiply by + 16.18%, add the gain and see the home should be worth $121,990.79 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for El-Paso-TX from 2001 to 2004:
+ 4.05%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
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