Real Estate Appreciation for Lafayette, Indiana: + 8.43%
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 + 8.43% (+ 2.11% yearly) from 2000 to 2003.
During the same time period, IN had + 14.15% (+ 3.54% yearly).
From 2000 to 2003, 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% |
| 2003 | 1 | 126.32 | + 0.72% | + 2.87% |
| 2003 | 2 | 126.48 | + 0.13% | + 0.51% |
| 2003 | 3 | 127.28 | + 0.63% | + 2.53% |
| 2003 | 4 | 127.02 | - 0.20% | - 0.82% |
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 $103,000.00 in 2000, you could multiply by + 8.43%, add the gain and see the home should be worth $111,687.38 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-IN from 2000 to 2003:
+ 2.11%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 2000 to 2003 were Yuba-City-CA, Barnstable-Town-MA, Modesto-CA, San-Luis-Obispo-Paso-Robles-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Yuba-City-CA increased + 71.27% from 2000 to the end of 2003
- Barnstable-Town-MA increased + 70.88% from 2000 to the end of 2003
- Modesto-CA increased + 69.30% from 2000 to the end of 2003
- San-Luis-Obispo-Paso-Robles-CA increased + 67.94% from 2000 to the end of 2003
- San-Diego-Carlsbad-San-Marcos-CA increased + 67.84% from 2000 to the end of 2003
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