Real Estate Appreciation for Lafayette, Indiana: + 4.69%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Lafayette, Indiana MSA appreciated + 4.69% (+ 1.56% yearly) between 2003 and the end of 2005.
The state of IN had + 10.77% total appreciation (+ 3.59% 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 than the state as a whole. The state appreaciated +129.89% faster than this MSA.
Lafayette-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Lafayette, Indiana include real estate investment .
Lets look at Burlington, Indiana, a city located in Lafayette, Indiana MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Indiana 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 $108,000.00 in 2003, you could multiply by + 4.69%, add the gain and see the home should be worth $113,061.43 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-IN from 2003 to 2005:
+ 1.56%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2003 to 2005 were Burlington-NC, Lafayette-IN, Jonesboro-AR, Anderson-IN, and Rocky-Mount-NC .
- Burlington-NC only increased + 3.06% between 2003 and 2005
- Lafayette-IN only increased + 4.69% between 2003 and 2005
- Jonesboro-AR only increased + 5.04% between 2003 and 2005
- Anderson-IN only increased + 5.16% between 2003 and 2005
- Rocky-Mount-NC only increased + 5.82% between 2003 and 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- 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