Real Estate Appreciation for Lafayette, Lousiana: - 34.44%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Lafayette, Lousiana MSA appreciation it was - 34.44% (- 8.61% yearly) from 1984 to 1987.
During the same time period, LA had - 10.41% (- 2.60% yearly).
From 1984 to 1987, Lousiana outperformed the individual Lafayette, Lousiana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Lafayette-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1986 | 1 | 92.31 | - 3.45% | - 13.81% |
| 1986 | 2 | 92.74 | + 0.47% | + 1.86% |
| 1986 | 3 | 88.62 | - 4.44% | - 17.77% |
| 1986 | 4 | 83.36 | - 5.94% | - 23.74% |
| 1987 | 1 | 81.96 | - 1.68% | - 6.72% |
| 1987 | 2 | 81.7 | - 0.32% | - 1.27% |
| 1987 | 3 | 74.38 | - 8.96% | - 35.84% |
| 1987 | 4 | 68.9 | - 7.37% | - 29.47% |
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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 $71,000.00 in 1984, you could multiply by - 34.44%, add the gain and see the home should be worth $46,545.20 in 1987. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Lafayette-LA from 1984 to 1987:
- 8.61%
Appreciation Comparisons
The top 5 performing MSAs from 1984 to 1987 were New-Haven-Milford-CT, Providence-New-Bedford-Fall-River-RI-MA, Poughkeepsie-Newburgh-Middletown-NY, Bridgeport-Stamford-Norwalk-CT, and Springfield-MA .
- New-Haven-Milford-CT increased +103.08% from 1984 to the end of 1987
- Providence-New-Bedford-Fall-River-RI-MA increased +102.76% from 1984 to the end of 1987
- Poughkeepsie-Newburgh-Middletown-NY increased + 99.69% from 1984 to the end of 1987
- Bridgeport-Stamford-Norwalk-CT increased + 99.39% from 1984 to the end of 1987
- Springfield-MA increased + 95.46% from 1984 to the end of 1987
In contrast, the worst 5 MSAs from 1984 to 1987 were Lafayette-LA, Casper-WY, Anchorage-AK, Odessa-TX, and Midland-TX .
- Lafayette-LA decreased by - 34.44% between 1984 and 1987
- Casper-WY decreased by - 32.07% between 1984 and 1987
- Anchorage-AK decreased by - 30.04% between 1984 and 1987
- Odessa-TX decreased by - 27.22% between 1984 and 1987
- Midland-TX decreased by - 23.39% between 1984 and 1987
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