Real Estate Appreciation for Palm Bay Melbourne Titusville, Florida: + 1.93%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Palm Bay Melbourne Titusville, Florida MSA appreciated + 1.93% (+ 0.64% yearly) between 1993 and the end of 1995.
The state of FL had + 6.62% total appreciation (+ 2.21% yearly).
The state average for Florida was higher than the real estate appreciation in the Palm Bay Melbourne Titusville, Florida MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +242.49% faster than this MSA.
Palm-Bay-Melbourne-Titusville-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 103.69 | + 0.16% | + 0.66% |
| 1993 | 3 | 104.81 | + 1.08% | + 4.32% |
| 1993 | 4 | 105.65 | + 0.80% | + 3.21% |
| 1994 | 1 | 104.17 | - 1.40% | - 5.60% |
| 1994 | 2 | 102.7 | - 1.41% | - 5.64% |
| 1994 | 3 | 100.84 | - 1.81% | - 7.24% |
| 1994 | 4 | 100.15 | - 0.68% | - 2.74% |
| 1995 | 1 | 100 | - 0.15% | - 0.60% |
| 1995 | 2 | 100.93 | + 0.93% | + 3.72% |
| 1995 | 3 | 103.95 | + 2.99% | + 11.97% |
| 1995 | 4 | 105.52 | + 1.51% | + 6.04% |
Some of the ways peope use our appreciation data for Palm Bay Melbourne Titusville, Florida include real estate investment .
Lets look at Scottsmoor, Florida, a city located in Palm Bay Melbourne Titusville, Florida MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Florida check out Spec-Loan.com
If you were going to do a Scottsmoor, Florida Refinance, or Scottsmoor, Florida Reverse Mortgages, you could estimate your home value.
If you knew your Scottsmoor, Florida home was worth $88,000.00 in 1993, you could multiply by + 1.93%, add the gain and see the home should be worth $89,700.15 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Palm-Bay-Melbourne-Titusville-FL from 1993 to 1995:
+ 0.64%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
In contrast, the worst 5 MSAs from 1993 to 1995 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 12.41% between 1993 and 1995
- Binghamton-NY decreased by - 10.14% between 1993 and 1995
- Kingston-NY decreased by - 9.24% between 1993 and 1995
- Utica-Rome-NY decreased by - 9.14% between 1993 and 1995
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 7.65% between 1993 and 1995
Zip Code in MSA: 32775 - SCOTTSMOOR, FL
MSA Pop: 505711Zip Pop: 603
Avg Value: 72100
County: BREVARD
Elev: 18
Region: South
Lat: 28.765863
Long: -80.871292