Real Estate Appreciation for Lafayette, Indiana: + 7.94%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Lafayette, Indiana MSA appreciated + 7.94% (+ 1.98% yearly) for the period between 2001 and the end of 2004.
The state had + 12.26% total appreciation (+ 3.06% yearly).
The state average for Indiana was higher than the real estate appreciation in the Lafayette, Indiana MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 54.39% faster than this MSA.
Lafayette-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 129.5 | + 1.95% | + 7.81% |
| 2004 | 2 | 127.43 | - 1.60% | - 6.39% |
| 2004 | 3 | 127.62 | + 0.15% | + 0.60% |
| 2004 | 4 | 130.66 | + 2.38% | + 9.53% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $105,000.00 in 2001, you could multiply by + 7.94%, add the gain and see the home should be worth $113,335.81 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-IN from 2001 to 2004:
+ 1.98%
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 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
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