Real Estate Appreciation for Lafayette, Lousiana: - 13.65%
Appreciation for MSAs:.
Let's start by comparing Lafayette, Lousiana 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 - 13.65% (- 3.41% yearly) for the Lafayette, Lousiana MSA.
The entire state of LA had - 1.75% appreciation (- 0.44% yearly).
The state average for Lousiana was higher than the real estate appreciation in the Lafayette, Lousiana MSA. This means the conditions in the MSA for real estate investment were worse by - 87.19%.
Lafayette-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1982 | 2 | 110.37 | - 0.33% | - 1.30% |
| 1982 | 3 | 114.28 | + 3.54% | + 14.17% |
| 1982 | 4 | 110.67 | - 3.16% | - 12.64% |
| 1983 | 1 | 114.05 | + 3.05% | + 12.22% |
| 1983 | 2 | 113.78 | - 0.24% | - 0.95% |
| 1983 | 3 | 109.52 | - 3.74% | - 14.98% |
| 1983 | 4 | 107.75 | - 1.62% | - 6.46% |
| 1984 | 1 | 105.1 | - 2.46% | - 9.84% |
| 1984 | 2 | 110.18 | + 4.83% | + 19.33% |
| 1984 | 3 | 108.05 | - 1.93% | - 7.73% |
| 1984 | 4 | 100.8 | - 6.71% | - 26.84% |
| 1985 | 1 | 101.08 | + 0.28% | + 1.11% |
| 1985 | 2 | 97.64 | - 3.40% | - 13.61% |
| 1985 | 3 | 96.05 | - 1.63% | - 6.51% |
| 1985 | 4 | 95.61 | - 0.46% | - 1.83% |
There are a lot of ways to use the appreciation data for Lafayette, Lousiana .
Lets look at Lafayette, Lousiana, a city located in Lafayette, Lousiana 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 Lafayette, Lousiana check out Spec-Loan.com
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 $67,000.00 in 1982, you could multiply by - 13.65%, add the gain and see the home should be worth $57,851.26 in 1985. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-LA from 1982 to 1985:
- 3.41%
Appreciation Comparisons
The top 5 performing MSAs from 1982 to 1985 were Worcester-MA, Providence-New-Bedford-Fall-River-RI-MA, Bridgeport-Stamford-Norwalk-CT, Rochester-NY, and Albany-Schenectady-Troy-NY .
- Worcester-MA increased + 98.26% from 1982 to the end of 1985
- Providence-New-Bedford-Fall-River-RI-MA increased + 66.81% from 1982 to the end of 1985
- Bridgeport-Stamford-Norwalk-CT increased + 59.86% from 1982 to the end of 1985
- Rochester-NY increased + 51.29% from 1982 to the end of 1985
- Albany-Schenectady-Troy-NY increased + 40.44% from 1982 to the end of 1985
Zip Code in MSA: 70503 - LAFAYETTE, LA
MSA Pop: 244150Zip Pop: 24327
Avg Value: 134900
County: LAFAYETTE
Elev: 40
Region: South
Lat: 30.187149
Long: -92.04637