Real Estate Appreciation for Muncie, Indiana: + 2.23%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Muncie, Indiana MSA appreciation it was + 2.23% (+ 0.74% yearly) from 2004 to 2006.
During the same time period, IN had + 9.44% (+ 3.15% yearly).
From 2004 to 2006, Indiana outperformed the individual Muncie, Indiana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Muncie-IN
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 144.16 | - 0.56% | - 2.23% |
| 2004 | 3 | 148.32 | + 2.89% | + 11.54% |
| 2004 | 4 | 150 | + 1.13% | + 4.53% |
| 2005 | 1 | 147.9 | - 1.40% | - 5.60% |
| 2005 | 2 | 149.26 | + 0.92% | + 3.68% |
| 2005 | 3 | 152.06 | + 1.88% | + 7.50% |
| 2005 | 4 | 150.56 | - 0.99% | - 3.95% |
| 2006 | 1 | 149.02 | - 1.02% | - 4.09% |
| 2006 | 2 | 146.27 | - 1.85% | - 7.38% |
| 2006 | 3 | 142.3 | - 2.71% | - 10.86% |
| 2006 | 4 | 148.2 | + 4.15% | + 16.58% |
There are a lot of ways to use the appreciation data for Muncie, Indiana .
Lets look at Muncie, Indiana, a city located in Muncie, Indiana 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 Muncie, Indiana check out Spec-Loan.com
If you were going to do a Muncie, Indiana Refinance, or Muncie, Indiana Reverse Mortgages, you could estimate your home value.
If you knew your Muncie, Indiana home was worth $110,000.00 in 2004, you could multiply by + 2.23%, add the gain and see the home should be worth $112,450.85 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Muncie-IN from 2004 to 2006:
+ 0.74%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
Zip Code in MSA: 47302 - MUNCIE, IN
MSA Pop: 117488Zip Pop: 30110
Avg Value: 53200
County: DELAWARE
Elev: 935
Region: Midwest
Lat: 40.173832
Long: -85.381943