Real Estate Appreciation for Fresno, California: + 50.27%
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 Fresno, California MSA appreciated + 50.27% (+ 16.76% yearly) for the period between 2001 and the end of 2003.
The state had + 38.27% total appreciation (+ 12.76% yearly).
The Fresno, California 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.
Fresno-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 117.92 | + 2.23% | + 8.91% |
| 2001 | 3 | 120.83 | + 2.47% | + 9.87% |
| 2001 | 4 | 123.41 | + 2.14% | + 8.54% |
| 2002 | 1 | 126.63 | + 2.61% | + 10.44% |
| 2002 | 2 | 132.42 | + 4.57% | + 18.29% |
| 2002 | 3 | 138.05 | + 4.25% | + 17.01% |
| 2002 | 4 | 143.41 | + 3.88% | + 15.53% |
| 2003 | 1 | 148.15 | + 3.31% | + 13.22% |
| 2003 | 2 | 154.34 | + 4.18% | + 16.71% |
| 2003 | 3 | 162.06 | + 5.00% | + 20.01% |
| 2003 | 4 | 173.34 | + 6.96% | + 27.84% |
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 Huron, California 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 Fresno, California.
If you were going to do a Huron, California Refinance, or Huron, California Reverse Mortgages, you could estimate your home value.
If you knew your Huron, California home was worth $104,000.00 in 2001, you could multiply by + 50.27%, add the gain and see the home should be worth $156,284.01 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Fresno-CA from 2001 to 2003:
+ 16.76%
Appreciation Comparisons
The worst 5 MSAs from 2001 to 2003 were Ogden-Clearfield-UT, Logan-UT-ID, Provo-Orem-UT, Austin-Round-Rock-TX, and Jackson-TN .
- Ogden-Clearfield-UT only increased + 2.75% between 2001 and 2003
- Logan-UT-ID only increased + 2.82% between 2001 and 2003
- Provo-Orem-UT only increased + 2.87% between 2001 and 2003
- Austin-Round-Rock-TX only increased + 3.75% between 2001 and 2003
- Jackson-TN only increased + 3.85% between 2001 and 2003
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 93234 - HURON, CA
MSA Pop: 850325Zip Pop: 6902
Avg Value: 76300
County: FRESNO
Elev: 296
Region: West
Lat: 36.18703
Long: -120.095245