Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Fort Walton Beach Crestview Destin, Florida MSA appreciated + 87.85% (+ 29.28% yearly) between 2003 and the end of 2005.

The state of FL had + 67.92% total appreciation (+ 22.64% yearly). The Fort Walton Beach Crestview Destin, Florida MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 29.34% faster than the state as a whole.

Fort-Walton-Beach-Crestview-Destin-FL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2003 2 141.71 + 1.71% + 6.83%
2003 3 147.15 + 3.84% + 15.36%
2003 4 155.82 + 5.89% + 23.57%
2004 1 159 + 2.04% + 8.16%
2004 2 171.51 + 7.87% + 31.47%
2004 3 184.95 + 7.84% + 31.35%
2004 4 198.41 + 7.28% + 29.11%
2005 1 214.91 + 8.32% + 33.26%
2005 2 232.58 + 8.22% + 32.89%
2005 3 249.92 + 7.46% + 29.82%
2005 4 261.73 + 4.73% + 18.90%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a Baker, Florida Refinance, or Baker, Florida Reverse Mortgages, you could estimate your home value.

If you knew your Baker, Florida home was worth $108,000.00 in 2003, you could multiply by + 87.85%, add the gain and see the home should be worth $202,876.91 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Fort-Walton-Beach-Crestview-Destin-FL from 2003 to 2005:
+ 29.28%

Appreciation Comparisons

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
  4. Madera-CA increased + 85.39% from 2003 to the end of 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005

Zip Code in MSA: 32531 - BAKER, FL

MSA Pop: 178104
Zip Pop: 4278
Avg Value: 69200
County: OKALOOSA
Elev: 236
Region: South
Lat: 30.79036
Long: -86.60524