Real Estate Appreciation for Lafayette, Indiana: + 7.07%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Lafayette, Indiana MSA appreciation it was + 7.07% (+ 2.36% yearly) from 2000 to 2002.
During the same time period, IN had + 10.88% (+ 3.63% yearly).
From 2000 to 2002, Indiana outperformed the individual Lafayette, Indiana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Lafayette-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 116.93 | - 0.18% | - 0.72% |
| 2000 | 3 | 118.6 | + 1.43% | + 5.71% |
| 2000 | 4 | 119.21 | + 0.51% | + 2.06% |
| 2001 | 1 | 121.05 | + 1.54% | + 6.17% |
| 2001 | 2 | 122.18 | + 0.93% | + 3.73% |
| 2001 | 3 | 122.88 | + 0.57% | + 2.29% |
| 2001 | 4 | 123.63 | + 0.61% | + 2.44% |
| 2002 | 1 | 124.5 | + 0.70% | + 2.81% |
| 2002 | 2 | 124.1 | - 0.32% | - 1.29% |
| 2002 | 3 | 125.24 | + 0.92% | + 3.67% |
| 2002 | 4 | 125.42 | + 0.14% | + 0.57% |
Lets look at Burlington, Indiana, a city located in Lafayette, 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 Burlington, Indiana Refinance, or Burlington, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Burlington, Indiana home was worth $102,000.00 in 2000, you could multiply by + 7.07%, add the gain and see the home should be worth $109,209.83 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-IN from 2000 to 2002:
+ 2.36%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 46915 - BURLINGTON, IN
MSA Pop: 184536Zip Pop: 0
Avg Value: 0
County: CARROLL
Elev: 580
Region: Midwest
Lat: 40.4802
Long: -86.39472