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.

  • Monroe, Michigan: + 20.48%
  • State of MI: + 20.89%
  • Difference: - 1.96%

Monroe-MI

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1996 2 111.16 + 3.21% + 12.85%
1996 3 114.17 + 2.71% + 10.83%
1996 4 114.52 + 0.31% + 1.23%
1997 1 118.14 + 3.16% + 12.64%
1997 2 118.42 + 0.24% + 0.95%
1997 3 120.52 + 1.77% + 7.09%
1997 4 122.79 + 1.88% + 7.53%
1998 1 124.65 + 1.51% + 6.06%
1998 2 127.15 + 2.01% + 8.02%
1998 3 128.84 + 1.33% + 5.32%
1998 4 129.76 + 0.71% + 2.86%


Lets look at Azalia, Michigan, a city located in Monroe, Michigan MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

If you were going to do a Azalia, Michigan Refinance, or Azalia, Michigan Reverse Mortgages, you could estimate your home value.

If you knew your Azalia, Michigan home was worth $94,000.00 in 1996, you could multiply by + 20.48%, add the gain and see the home should be worth $113,253.85 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Monroe-MI from 1996 to 1998:
+ 6.83%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .

  1. Honolulu-HI decreased by - 11.67% between 1996 and 1998
  2. Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
  3. Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
  4. Utica-Rome-NY only increased + 0.29% between 1996 and 1998
  5. El-Paso-TX only increased + 0.32% between 1996 and 1998

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 48110 - AZALIA, MI

MSA Pop: 150673
Zip Pop: 0
Avg Value: 0
County: MONROE
Elev: 593
Region: Midwest
Lat: 42.016662
Long: -83.665815