Real Estate Appreciation for Lafayette, Indiana: + 6.22%
Appreciation for MSAs:.
Let's start by comparing Lafayette, Indiana to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 6.22% (+ 1.55% yearly) for the Lafayette, Indiana MSA.
The entire state of IN had + 13.78% appreciation (+ 3.45% yearly).
The state average for Indiana was higher than the real estate appreciation in the Lafayette, Indiana MSA. This means the conditions in the MSA for real estate investment were worse by +121.69%.
Lafayette-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2005 | 1 | 128.63 | - 1.55% | - 6.21% |
| 2005 | 2 | 128.62 | - 0.01% | - 0.03% |
| 2005 | 3 | 130.32 | + 1.32% | + 5.29% |
| 2005 | 4 | 132.24 | + 1.47% | + 5.89% |
There are a lot of ways to use the appreciation data for Lafayette, Indiana .
Lets look at Burrows, Indiana, a city located in Lafayette, Indiana MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Burrows, Indiana check out 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 $107,000.00 in 2002, you could multiply by + 6.22%, add the gain and see the home should be worth $113,652.05 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-IN from 2002 to 2005:
+ 1.55%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
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