Real Estate Appreciation for McAllen Edinburg Mission, Texas: + 3.74%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- McAllen Edinburg Mission, Texas: + 3.74%
- State of TX: + 15.17%
- Difference: - 75.31%
McAllen-Edinburg-Mission-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 104.17 | - 0.73% | - 2.94% |
| 1996 | 3 | 101.77 | - 2.30% | - 9.22% |
| 1996 | 4 | 101.34 | - 0.42% | - 1.69% |
| 1997 | 1 | 100.58 | - 0.75% | - 3.00% |
| 1997 | 2 | 100.33 | - 0.25% | - 0.99% |
| 1997 | 3 | 102.34 | + 2.00% | + 8.01% |
| 1997 | 4 | 103.59 | + 1.22% | + 4.89% |
| 1998 | 1 | 102.11 | - 1.43% | - 5.71% |
| 1998 | 2 | 103.63 | + 1.49% | + 5.95% |
| 1998 | 3 | 105.89 | + 2.18% | + 8.72% |
| 1998 | 4 | 105.45 | - 0.42% | - 1.66% |
| 1999 | 1 | 105.38 | - 0.07% | - 0.27% |
| 1999 | 2 | 107.06 | + 1.59% | + 6.38% |
| 1999 | 3 | 104.84 | - 2.07% | - 8.29% |
| 1999 | 4 | 108.87 | + 3.84% | + 15.38% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Mcallen, Texas Refinance, or Mcallen, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Mcallen, Texas home was worth $95,000.00 in 1996, you could multiply by + 3.74%, add the gain and see the home should be worth $98,557.75 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for McAllen-Edinburg-Mission-TX from 1996 to 1999:
+ 0.94%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
In contrast, the worst 5 MSAs from 1996 to 1999 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Bakersfield-CA, Reading-PA, and Albany-Schenectady-Troy-NY .
- Honolulu-HI decreased by - 13.65% between 1996 and 1999
- Buffalo-Niagara-Falls-NY decreased by - 2.34% between 1996 and 1999
- Bakersfield-CA decreased by - 0.56% between 1996 and 1999
- Reading-PA decreased by - 0.46% between 1996 and 1999
- Albany-Schenectady-Troy-NY decreased by - 0.38% between 1996 and 1999
Zip Code in MSA: 78502 - MCALLEN, TX
MSA Pop: 635540Zip Pop: 0
Avg Value: 0
County: HIDALGO
Elev: 96
Region: South
Lat: 26.194911
Long: -98.247199