Real Estate Appreciation for Jackson, Michigan: + 21.73%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Jackson, Michigan: + 21.73%
- State of MI: + 20.89%
- Difference: + 4.03%
Jackson-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 111.36 | + 3.03% | + 12.14% |
| 1996 | 3 | 114.1 | + 2.46% | + 9.84% |
| 1996 | 4 | 114.96 | + 0.75% | + 3.01% |
| 1997 | 1 | 117.36 | + 2.09% | + 8.35% |
| 1997 | 2 | 117.76 | + 0.34% | + 1.36% |
| 1997 | 3 | 121.7 | + 3.35% | + 13.38% |
| 1997 | 4 | 123.48 | + 1.46% | + 5.85% |
| 1998 | 1 | 126.18 | + 2.19% | + 8.75% |
| 1998 | 2 | 128.06 | + 1.49% | + 5.96% |
| 1998 | 3 | 129.99 | + 1.51% | + 6.03% |
| 1998 | 4 | 131.57 | + 1.22% | + 4.86% |
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 Jackson, Michigan 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 Jackson, Michigan.
If you were going to do a Jackson, Michigan Refinance, or Jackson, Michigan Reverse Mortgages, you could estimate your home value.
If you knew your Jackson, Michigan home was worth $94,000.00 in 1996, you could multiply by + 21.73%, add the gain and see the home should be worth $114,429.87 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Jackson-MI from 1996 to 1998:
+ 7.24%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Jackson-MI, Bay-City-MI, and Monroe-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 34.16% from 1996 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 22.04% from 1996 to the end of 1998
- Jackson-MI increased + 21.73% from 1996 to the end of 1998
- Bay-City-MI increased + 20.64% from 1996 to the end of 1998
- Monroe-MI increased + 20.48% from 1996 to the end of 1998
In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .
- Honolulu-HI decreased by - 11.67% between 1996 and 1998
- Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
- Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
- Utica-Rome-NY only increased + 0.29% between 1996 and 1998
- El-Paso-TX only increased + 0.32% between 1996 and 1998
Zip Code in MSA: 49202 - JACKSON, MI
MSA Pop: 162321Zip Pop: 21455
Avg Value: 65100
County: JACKSON
Elev: 940
Region: Midwest
Lat: 42.263707
Long: -84.412694