Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: +196.56%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Phoenix Mesa Scottdale, Arizona did compared to the state as a whole.
The Phoenix Mesa Scottdale, Arizona MSA property value change was +196.56% (+ 16.38% yearly).
All of the property in AZ averaged +175.77% change in value (+ 14.65% yearly).
Phoenix-Mesa-Scottdale-AZ
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2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
Lets look at Apache Junction, Arizona, a city located in Phoenix Mesa Scottdale, Arizona 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 Apache Junction, Arizona Refinance, or Apache Junction, Arizona Reverse Mortgages, you could estimate your home value.
If you knew your Apache Junction, Arizona home was worth $101,000.00 in 1995, you could multiply by +196.56%, add the gain and see the home should be worth $299,525.60 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 1995 to 2006:
+ 16.38%
Appreciation Comparisons
The worst 5 MSAs from 1995 to 2006 were Lafayette-IN, Springfield-IL, Rochester-NY, Columbus-IN, and Fort-Wayne-IN .
- Lafayette-IN only increased + 32.66% between 1995 and 2006
- Springfield-IL only increased + 35.99% between 1995 and 2006
- Rochester-NY only increased + 37.45% between 1995 and 2006
- Columbus-IN only increased + 38.30% between 1995 and 2006
- Fort-Wayne-IN only increased + 41.07% between 1995 and 2006
For a 12 year period, the top 5 performing MSAs of all time are Oxnard-Thousand-Oaks-Ventura-CA, Bridgeport-Stamford-Norwalk-CT, San-Jose-Sunnyvale-Santa-Clara-CA, Providence-New-Bedford-Fall-River-RI-MA, and San-Jose-Sunnyvale-Santa-Clara-CA .
- Oxnard-Thousand-Oaks-Ventura-CA increased +288.32% from 1977 thru 1988
- Bridgeport-Stamford-Norwalk-CT increased +284.24% from 1977 thru 1988
- San-Jose-Sunnyvale-Santa-Clara-CA increased +270.45% from 1977 thru 1988
- Providence-New-Bedford-Fall-River-RI-MA increased +269.41% from 1977 thru 1988
- San-Jose-Sunnyvale-Santa-Clara-CA increased +267.22% from 1978 thru 1989
The worst perfoming MSAs ever for a 12 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 29.95% from 1982 to 1993
- Midland-TX lost - 27.35% from 1983 thru 1994
- Midland-TX lost - 18.42% from 1984 thru 1995
- Odessa-TX lost - 17.39% from 1984 thru 1995
- Lafayette-LA lost - 14.77% from 1982 thru 1993
Zip Code in MSA: 85220 - APACHE JUNCTION, AZ
MSA Pop: 3593408Zip Pop: 32615
Avg Value: 72600
County: PINAL
Elev: 1490
Region: West
Lat: 33.423523
Long: -111.562742