Real Estate Appreciation for Kokomo, Indiana: + 0.99%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Kokomo, Indiana MSA appreciation it was + 0.99% (+ 0.33% yearly) from 2004 to 2006.
During the same time period, IN had + 9.44% (+ 3.15% yearly).
From 2004 to 2006, Indiana outperformed the individual Kokomo, Indiana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Kokomo-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 Hobbs, Indiana 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 Kokomo, Indiana.
If you were going to do a Hobbs, Indiana Refinance, or Hobbs, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Hobbs, Indiana home was worth $110,000.00 in 2004, you could multiply by + 0.99%, add the gain and see the home should be worth $111,087.95 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Kokomo-IN from 2004 to 2006:
+ 0.33%
Appreciation Comparisons
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
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
Zip Code in MSA: 46047 - HOBBS, IN
MSA Pop: 101302Zip Pop: 75
Avg Value: 69300
County: TIPTON
Elev: 864
Region: Midwest
Lat: 40.28358
Long: -85.94748