Real Estate Appreciation for Florence Muscle Shoals, Alabama: + 8.72%
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 Florence Muscle Shoals, Alabama MSA appreciated + 8.72% (+ 1.74% yearly) for the period between 1999 and the end of 2003.
The state had + 17.82% total appreciation (+ 3.56% yearly).
The state average for Alabama was higher than the real estate appreciation in the Florence Muscle Shoals, Alabama MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +104.32% faster than this MSA.
Florence-Muscle-Shoals-AL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 Quarterly Detailed Appreciation
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 Florence, Alabama 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 Florence Muscle Shoals, Alabama.
If you were going to do a Florence, Alabama Refinance, or Florence, Alabama Reverse Mortgages, you could estimate your home value.
If you knew your Florence, Alabama home was worth $102,000.00 in 1999, you could multiply by + 8.72%, add the gain and see the home should be worth $110,898.12 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Florence-Muscle-Shoals-AL from 1999 to 2003:
+ 1.74%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1999 to 2003 were Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, Florence-Muscle-Shoals-AL, and Fayetteville-NC .
- Ogden-Clearfield-UT only increased + 5.34% between 1999 and 2003
- Provo-Orem-UT only increased + 8.03% between 1999 and 2003
- Logan-UT-ID only increased + 8.08% between 1999 and 2003
- Florence-Muscle-Shoals-AL only increased + 8.72% between 1999 and 2003
- Fayetteville-NC only increased + 8.89% between 1999 and 2003
The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .
- Casper-WY lost - 42.34% from 1983 to 1987
- Lafayette-LA lost - 39.59% from 1983 thru 1987
- Lafayette-LA lost - 37.20% from 1984 thru 1988
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
Zip Code in MSA: 35630 - FLORENCE, AL
MSA Pop: 141499Zip Pop: 30907
Avg Value: 73000
County: LAUDERDALE
Elev: 506
Region: South
Lat: 34.818572
Long: -87.657841