Real Estate Appreciation for Kokomo, Indiana: + 2.97%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Kokomo, Indiana MSA appreciated + 2.97% (+ 0.74% yearly) between 2003 and the end of 2006.
The state of IN had + 12.40% total appreciation (+ 3.10% yearly).
The state average for Indiana was higher than the real estate appreciation in the Kokomo, Indiana MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +317.80% faster than this MSA.
Kokomo-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 139.23 | + 1.01% | + 4.03% |
| 2003 | 3 | 139.45 | + 0.16% | + 0.63% |
| 2003 | 4 | 140.61 | + 0.83% | + 3.33% |
| 2004 | 1 | 140.54 | - 0.05% | - 0.20% |
| 2004 | 2 | 143.05 | + 1.79% | + 7.14% |
| 2004 | 3 | 140.74 | - 1.61% | - 6.46% |
| 2004 | 4 | 145.12 | + 3.11% | + 12.45% |
| 2005 | 1 | 143.37 | - 1.21% | - 4.82% |
| 2005 | 2 | 144.17 | + 0.56% | + 2.23% |
| 2005 | 3 | 147.81 | + 2.52% | + 10.10% |
| 2005 | 4 | 149.26 | + 0.98% | + 3.92% |
| 2006 | 1 | 144.15 | - 3.42% | - 13.69% |
| 2006 | 2 | 142.91 | - 0.86% | - 3.44% |
| 2006 | 3 | 142.33 | - 0.41% | - 1.62% |
| 2006 | 4 | 141.93 | - 0.28% | - 1.12% |
Lets look at Kempton, Indiana, a city located in Kokomo, Indiana MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Kempton, Indiana Refinance, or Kempton, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Kempton, Indiana home was worth $109,000.00 in 2003, you could multiply by + 2.97%, add the gain and see the home should be worth $112,234.26 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Kokomo-IN from 2003 to 2006:
+ 0.74%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2006 were Bakersfield-CA, Visalia-Porterville-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +110.89% from 2003 to the end of 2006
- Visalia-Porterville-CA increased +101.32% from 2003 to the end of 2006
- Madera-CA increased +100.36% from 2003 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +100.03% from 2003 to the end of 2006
- Naples-Marco-Island-FL increased + 99.23% from 2003 to the end of 2006
In contrast, the worst 5 MSAs from 2003 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .
- Kokomo-IN only increased + 2.97% between 2003 and 2006
- Anderson-IN only increased + 3.19% between 2003 and 2006
- Lafayette-IN only increased + 5.02% between 2003 and 2006
- Saginaw-Saginaw-Township-North-MI only increased + 5.27% between 2003 and 2006
- Muncie-IN only increased + 6.15% between 2003 and 2006
Zip Code in MSA: 46049 - KEMPTON, IN
MSA Pop: 101302Zip Pop: 973
Avg Value: 82000
County: TIPTON
Elev: 864
Region: Midwest
Lat: 40.288547
Long: -86.23032