Real Estate Appreciation for Fairbanks, Arkansas: - 29.16%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Fairbanks, Arkansas did compared to the state as a whole.
The Fairbanks, Arkansas MSA property value change was - 29.16% (- 9.72% yearly).
All of the property in AK averaged - 22.75% change in value (- 7.58% yearly).
Fairbanks-AK
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1987 | 2 | 88.94 | + 2.11% | + 8.45% |
| 1987 | 3 | 75.68 | - 14.91% | - 59.64% |
| 1987 | 4 | 72.53 | - 4.16% | - 16.65% |
| 1988 | 1 | 77.5 | + 6.85% | + 27.41% |
| 1988 | 2 | 87.19 | + 12.50% | + 50.01% |
| 1988 | 3 | 84.16 | - 3.48% | - 13.90% |
| 1988 | 4 | 93.05 | + 10.56% | + 42.25% |
| 1989 | 1 | 93.88 | + 0.89% | + 3.57% |
| 1989 | 2 | 65.85 | - 29.86% | -119.43% |
| 1989 | 3 | 68.06 | + 3.36% | + 13.42% |
| 1989 | 4 | 61.7 | - 9.34% | - 37.38% |
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 Fairbanks-AK here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Arkansas, you can do some research at Spec-Loan.com.
If you were going to do a Fairbanks, Arkansas Refinance, or Fairbanks, Arkansas Reverse Mortgages, you could estimate your home value.
If you knew your Fairbanks, Arkansas home was worth $76,000.00 in 1987, you could multiply by - 29.16%, add the gain and see the home should be worth $53,836.97 in 1989. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Fairbanks-AK from 1987 to 1989:
- 9.72%
Appreciation Comparisons
The top 5 performing MSAs from 1987 to 1989 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Oxnard-Thousand-Oaks-Ventura-CA, San-Luis-Obispo-Paso-Robles-CA, and Honolulu-HI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 71.01% from 1987 to the end of 1989
- Santa-Cruz-Watsonville-CA increased + 64.34% from 1987 to the end of 1989
- Oxnard-Thousand-Oaks-Ventura-CA increased + 63.43% from 1987 to the end of 1989
- San-Luis-Obispo-Paso-Robles-CA increased + 62.61% from 1987 to the end of 1989
- Honolulu-HI increased + 60.30% from 1987 to the end of 1989
In contrast, the worst 5 MSAs from 1987 to 1989 were Fairbanks-AK, Abilene-TX, Anchorage-AK, Austin-Round-Rock-TX, and San-Antonio-TX .
- Fairbanks-AK decreased by - 29.16% between 1987 and 1989
- Abilene-TX decreased by - 24.96% between 1987 and 1989
- Anchorage-AK decreased by - 23.52% between 1987 and 1989
- Austin-Round-Rock-TX decreased by - 22.37% between 1987 and 1989
- San-Antonio-TX decreased by - 16.20% between 1987 and 1989
Zip Code in MSA: 99701 - FAIRBANKS, AK
MSA Pop: 85978Zip Pop: 17555
Avg Value: 117600
County: FAIRBANKS NORTH STAR
Elev: 0
Region: West
Lat: 64.83318
Long: -147.7227