Real Estate Appreciation for Palm Bay Melbourne Titusville, Florida: + 26.99%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Palm Bay Melbourne Titusville, Florida MSA appreciation it was + 26.99% (+ 9.00% yearly) from 2000 to 2002.
During the same time period, FL had + 29.41% (+ 9.80% yearly).
From 2000 to 2002, Florida outperformed the individual Palm Bay Melbourne Titusville, Florida MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Palm-Bay-Melbourne-Titusville-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 114.28 | + 0.26% | + 1.05% |
| 2000 | 3 | 115.97 | + 1.48% | + 5.92% |
| 2000 | 4 | 118.44 | + 2.13% | + 8.52% |
| 2001 | 1 | 120.92 | + 2.09% | + 8.38% |
| 2001 | 2 | 125.36 | + 3.67% | + 14.69% |
| 2001 | 3 | 128.18 | + 2.25% | + 9.00% |
| 2001 | 4 | 130.74 | + 2.00% | + 7.99% |
| 2002 | 1 | 133.51 | + 2.12% | + 8.47% |
| 2002 | 2 | 136.26 | + 2.06% | + 8.24% |
| 2002 | 3 | 141.32 | + 3.71% | + 14.85% |
| 2002 | 4 | 144.74 | + 2.42% | + 9.68% |
Lets look at Scottsmoor, Florida, a city located in Palm Bay Melbourne Titusville, Florida 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 Scottsmoor, Florida Refinance, or Scottsmoor, Florida Reverse Mortgages, you could estimate your home value.
If you knew your Scottsmoor, Florida home was worth $102,000.00 in 2000, you could multiply by + 26.99%, add the gain and see the home should be worth $129,526.93 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Palm-Bay-Melbourne-Titusville-FL from 2000 to 2002:
+ 9.00%
Appreciation Comparisons
The top 5 performing MSAs from 2000 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Modesto-CA, Vallejo-Fairfield-CA, and Napa-CA .
- Barnstable-Town-MA increased + 49.98% from 2000 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 47.67% from 2000 to the end of 2002
- Modesto-CA increased + 47.60% from 2000 to the end of 2002
- Vallejo-Fairfield-CA increased + 46.66% from 2000 to the end of 2002
- Napa-CA increased + 45.33% from 2000 to the end of 2002
In contrast, the worst 5 MSAs from 2000 to 2002 were Wenatchee-WA, Lafayette-IN, Springfield-IL, Ogden-Clearfield-UT, and Provo-Orem-UT .
- Wenatchee-WA only increased + 5.30% between 2000 and 2002
- Lafayette-IN only increased + 7.07% between 2000 and 2002
- Springfield-IL only increased + 7.12% between 2000 and 2002
- Ogden-Clearfield-UT only increased + 7.34% between 2000 and 2002
- Provo-Orem-UT only increased + 7.67% between 2000 and 2002
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