Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Muskegon North Shores, Michigan MSA appreciated + 7.14% (+ 3.57% yearly) between 2003 and the end of 2004.

The state of MI had + 7.77% total appreciation (+ 3.88% yearly). The state average for Michigan was higher than the real estate appreciation in the Muskegon North Shores, Michigan MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 8.79% faster than this MSA.

Muskegon-North-Shores-MI

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2003 2 157.98 + 0.89% + 3.58%
2003 3 159.16 + 0.75% + 2.99%
2003 4 161.08 + 1.21% + 4.83%
2004 1 162.49 + 0.88% + 3.50%
2004 2 162.45 - 0.02% - 0.10%
2004 3 164.28 + 1.13% + 4.51%
2004 4 167.76 + 2.12% + 8.47%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bailey, Michigan click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Muskegon North Shores, Michigan.

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

If you knew your Bailey, Michigan home was worth $107,000.00 in 2003, you could multiply by + 7.14%, add the gain and see the home should be worth $114,639.93 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Muskegon-North-Shores-MI from 2003 to 2004:
+ 3.57%

Appreciation Comparisons

The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .

  1. Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
  2. Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
  3. Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
  4. Madera-CA increased + 48.31% from 2003 to the end of 2004
  5. Fresno-CA increased + 47.99% from 2003 to the end of 2004

In contrast, the worst 5 MSAs from 2003 to 2004 were Brownsville-Harlingen-TX, Jackson-TN, Austin-Round-Rock-TX, Burlington-NC, and Ogden-Clearfield-UT .

  1. Brownsville-Harlingen-TX only increased + 0.47% between 2003 and 2004
  2. Jackson-TN only increased + 1.89% between 2003 and 2004
  3. Austin-Round-Rock-TX only increased + 2.07% between 2003 and 2004
  4. Burlington-NC only increased + 2.09% between 2003 and 2004
  5. Ogden-Clearfield-UT only increased + 2.83% between 2003 and 2004

Zip Code in MSA: 49303 - BAILEY, MI

MSA Pop: 173090
Zip Pop: 1024
Avg Value: 85800
County: MUSKEGON
Elev: 592
Region: Midwest
Lat: 43.274178
Long: -85.841077