Real Estate Appreciation for Lafayette, Indiana: + 10.22%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Lafayette, Indiana did compared to the state as a whole.
The Lafayette, Indiana MSA property value change was + 10.22% (+ 2.55% yearly).
All of the property in IN averaged + 14.93% change in value (+ 3.73% yearly).
Lafayette-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 108.19 | + 0.03% | + 0.11% |
| 1997 | 3 | 110.27 | + 1.92% | + 7.69% |
| 1997 | 4 | 110.6 | + 0.30% | + 1.20% |
| 1998 | 1 | 111.82 | + 1.10% | + 4.41% |
| 1998 | 2 | 112.59 | + 0.69% | + 2.75% |
| 1998 | 3 | 113.76 | + 1.04% | + 4.16% |
| 1998 | 4 | 114.1 | + 0.30% | + 1.20% |
| 1999 | 1 | 115.52 | + 1.24% | + 4.98% |
| 1999 | 2 | 116.1 | + 0.50% | + 2.01% |
| 1999 | 3 | 114.75 | - 1.16% | - 4.65% |
| 1999 | 4 | 115.54 | + 0.69% | + 2.75% |
| 2000 | 1 | 117.14 | + 1.38% | + 5.54% |
| 2000 | 2 | 116.93 | - 0.18% | - 0.72% |
| 2000 | 3 | 118.6 | + 1.43% | + 5.71% |
| 2000 | 4 | 119.21 | + 0.51% | + 2.06% |
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 Lafayette-IN here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Indiana, you can do some research at Spec-Loan.com.
If you were going to do a Burrows, Indiana Refinance, or Burrows, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Burrows, Indiana home was worth $97,000.00 in 1997, you could multiply by + 10.22%, add the gain and see the home should be worth $106,909.86 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-IN from 1997 to 2000:
+ 2.55%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
Zip Code in MSA: 46916 - BURROWS, IN
MSA Pop: 184536Zip Pop: 0
Avg Value: 0
County: CARROLL
Elev: 580
Region: Midwest
Lat: 40.67658
Long: -86.50752