Real Estate Appreciation for Jonesboro, Arkansas: + 5.04%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Jonesboro, Arkansas MSA appreciated + 5.04% (+ 1.68% yearly) between 2003 and the end of 2005.
The state of AR had + 19.11% total appreciation (+ 6.37% yearly).
The state average for Arkansas was higher than the real estate appreciation in the Jonesboro, Arkansas MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +279.08% faster than this MSA.
Jonesboro-AR
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 135.06 | + 0.27% | + 1.07% |
| 2003 | 3 | 136.98 | + 1.42% | + 5.69% |
| 2003 | 4 | 136.21 | - 0.56% | - 2.25% |
| 2004 | 1 | 138.63 | + 1.78% | + 7.11% |
| 2004 | 2 | 136.17 | - 1.77% | - 7.10% |
| 2004 | 3 | 138.45 | + 1.67% | + 6.70% |
| 2004 | 4 | 139.62 | + 0.85% | + 3.38% |
| 2005 | 1 | 140.5 | + 0.63% | + 2.52% |
| 2005 | 2 | 138.53 | - 1.40% | - 5.61% |
| 2005 | 3 | 142.94 | + 3.18% | + 12.73% |
| 2005 | 4 | 141.49 | - 1.01% | - 4.06% |
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 Marked Tree, Arkansas Refinance, or Marked Tree, Arkansas Reverse Mortgages, you could estimate your home value.
If you knew your Marked Tree, Arkansas home was worth $108,000.00 in 2003, you could multiply by + 5.04%, add the gain and see the home should be worth $113,444.10 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Jonesboro-AR from 2003 to 2005:
+ 1.68%
Appreciation Comparisons
The worst 5 MSAs from 2003 to 2005 were Burlington-NC, Lafayette-IN, Jonesboro-AR, Anderson-IN, and Rocky-Mount-NC .
- Burlington-NC only increased + 3.06% between 2003 and 2005
- Lafayette-IN only increased + 4.69% between 2003 and 2005
- Jonesboro-AR only increased + 5.04% between 2003 and 2005
- Anderson-IN only increased + 5.16% between 2003 and 2005
- Rocky-Mount-NC only increased + 5.82% between 2003 and 2005
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: 72365 - MARKED TREE, AR
MSA Pop: 110041Zip Pop: 3566
Avg Value: 52600
County: POINSETT
Elev: 275
Region: South
Lat: 35.53158
Long: -90.417465