Real Estate Appreciation for Lafayette, Lousiana: - 31.61%
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, Lousiana MSA appreciated - 31.61% (- 3.95% yearly) for the period between 1981 and the end of 1988.
The state had - 7.01% total appreciation (- 0.88% yearly).
The state average for Lousiana was higher than the real estate appreciation in the Lafayette, Lousiana 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 - 77.82% faster than this MSA.
Lafayette-LA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1985-1988 Quarterly Detailed Appreciation
1982-1985 Quarterly Detailed Appreciation
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If you were going to do a Lafayette, Lousiana Refinance, or Lafayette, Lousiana Reverse Mortgages, you could estimate your home value.
If you knew your Lafayette, Lousiana home was worth $69,000.00 in 1981, you could multiply by - 31.61%, add the gain and see the home should be worth $47,186.82 in 1988. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-LA from 1981 to 1988:
- 3.95%
Appreciation Comparisons
The top 5 performing MSAs from 1981 to 1988 were Springfield-MA, Providence-New-Bedford-Fall-River-RI-MA, Worcester-MA, New-Haven-Milford-CT, and Bridgeport-Stamford-Norwalk-CT .
- Springfield-MA increased +225.43% from 1981 to the end of 1988
- Providence-New-Bedford-Fall-River-RI-MA increased +183.31% from 1981 to the end of 1988
- Worcester-MA increased +171.88% from 1981 to the end of 1988
- New-Haven-Milford-CT increased +148.81% from 1981 to the end of 1988
- Bridgeport-Stamford-Norwalk-CT increased +148.65% from 1981 to the end of 1988
Zip Code in MSA: 70507 - LAFAYETTE, LA
MSA Pop: 244150Zip Pop: 15606
Avg Value: 79200
County: LAFAYETTE
Elev: 40
Region: South
Lat: 30.281861
Long: -92.01982