Real Estate Appreciation for Jonesboro, Arkansas: + 28.13%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Jonesboro, Arkansas did compared to the state as a whole.
The Jonesboro, Arkansas MSA property value change was + 28.13% (+ 3.13% yearly).
All of the property in AR averaged + 47.00% change in value (+ 5.22% yearly).
Jonesboro-AR
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
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 Jonesboro-AR 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 Jonesboro, Arkansas Refinance, or Jonesboro, Arkansas Reverse Mortgages, you could estimate your home value.
If you knew your Jonesboro, Arkansas home was worth $102,000.00 in 1997, you could multiply by + 28.13%, add the gain and see the home should be worth $130,688.94 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Jonesboro-AR from 1997 to 2005:
+ 3.13%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1997 to 2005 were Lafayette-IN, Springfield-IL, Columbus-IN, Jonesboro-AR, and Ogden-Clearfield-UT .
- Lafayette-IN only increased + 22.26% between 1997 and 2005
- Springfield-IL only increased + 23.03% between 1997 and 2005
- Columbus-IN only increased + 24.75% between 1997 and 2005
- Jonesboro-AR only increased + 28.13% between 1997 and 2005
- Ogden-Clearfield-UT only increased + 28.52% between 1997 and 2005
The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .
- Midland-TX lost - 34.76% from 1982 to 1990
- Midland-TX lost - 32.77% from 1983 thru 1991
- Lafayette-LA lost - 26.59% from 1982 thru 1990
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
Zip Code in MSA: 72404 - JONESBORO, AR
MSA Pop: 110041Zip Pop: 16546
Avg Value: 99900
County: CRAIGHEAD
Elev: 302
Region: South
Lat: 35.797958
Long: -90.714128