Real Estate Appreciation for Lafayette, Lousiana: - 32.70%
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, Lousiana MSA appreciated - 32.70% (- 4.67% yearly) between 1983 and the end of 1989.
The state of LA had - 12.34% total appreciation (- 1.76% 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 than the state as a whole. The state appreaciated - 62.25% faster than this MSA.
Lafayette-LA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1986-1989 Quarterly Detailed Appreciation
1983-1986 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Lafayette-LA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Lousiana, you can do some research at 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 $72,000.00 in 1983, you could multiply by - 32.70%, add the gain and see the home should be worth $48,458.75 in 1989. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-LA from 1983 to 1989:
- 4.67%
Appreciation Comparisons
The top 5 performing MSAs from 1983 to 1989 were Providence-New-Bedford-Fall-River-RI-MA, Springfield-MA, Worcester-MA, Albany-Schenectady-Troy-NY, and New-Haven-Milford-CT .
- Providence-New-Bedford-Fall-River-RI-MA increased +157.69% from 1983 to the end of 1989
- Springfield-MA increased +145.68% from 1983 to the end of 1989
- Worcester-MA increased +137.74% from 1983 to the end of 1989
- Albany-Schenectady-Troy-NY increased +134.22% from 1983 to the end of 1989
- New-Haven-Milford-CT increased +132.74% from 1983 to the end of 1989
For a 7 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Merced-CA, Naples-Marco-Island-FL, and Vallejo-Fairfield-CA .
- Salinas-CA increased +208.13% from 1999 thru 2005
- Springfield-MA increased +199.02% from 1981 thru 1987
- Merced-CA increased +193.70% from 1999 thru 2005
- Naples-Marco-Island-FL increased +186.53% from 1999 thru 2005
- Vallejo-Fairfield-CA increased +185.64% from 1999 thru 2005
Zip Code in MSA: 70506 - LAFAYETTE, LA
MSA Pop: 244150Zip Pop: 36033
Avg Value: 93400
County: LAFAYETTE
Elev: 40
Region: South
Lat: 30.209085
Long: -92.064744