Real Estate Appreciation for Rocky Mount, North Carolina: + 9.74%
Appreciation for MSAs:.
Let's start by comparing Rocky Mount, North Carolina to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 9.74% (+ 2.43% yearly) for the Rocky Mount, North Carolina MSA.
The entire state of NC had + 20.56% appreciation (+ 5.14% yearly).
The state average for North Carolina was higher than the real estate appreciation in the Rocky Mount, North Carolina MSA. This means the conditions in the MSA for real estate investment were worse by +111.16%.
Rocky-Mount-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 133.19 | + 0.31% | + 1.24% |
| 2002 | 3 | 137.3 | + 3.09% | + 12.34% |
| 2002 | 4 | 136.06 | - 0.90% | - 3.61% |
| 2003 | 1 | 137.7 | + 1.21% | + 4.82% |
| 2003 | 2 | 139.52 | + 1.32% | + 5.29% |
| 2003 | 3 | 139.26 | - 0.19% | - 0.75% |
| 2003 | 4 | 137.17 | - 1.50% | - 6.00% |
| 2004 | 1 | 141.72 | + 3.32% | + 13.27% |
| 2004 | 2 | 139.58 | - 1.51% | - 6.04% |
| 2004 | 3 | 138.88 | - 0.50% | - 2.01% |
| 2004 | 4 | 141.97 | + 2.22% | + 8.90% |
| 2005 | 1 | 142.92 | + 0.67% | + 2.68% |
| 2005 | 2 | 142.86 | - 0.04% | - 0.17% |
| 2005 | 3 | 147.02 | + 2.91% | + 11.65% |
| 2005 | 4 | 145.71 | - 0.89% | - 3.56% |
Some of the ways peope use our appreciation data for Rocky Mount, North Carolina include real estate investment .
Lets look at Rocky Mount, North Carolina, a city located in Rocky Mount, North Carolina 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 North Carolina check out Spec-Loan.com
If you were going to do a Rocky Mount, North Carolina Refinance, or Rocky Mount, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Rocky Mount, North Carolina home was worth $107,000.00 in 2002, you could multiply by + 9.74%, add the gain and see the home should be worth $117,419.57 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rocky-Mount-NC from 2002 to 2005:
+ 2.43%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
In contrast, the worst 5 MSAs from 2002 to 2005 were Lafayette-IN, Burlington-NC, Anderson-IN, Jonesboro-AR, and Fort-Wayne-IN .
- Lafayette-IN only increased + 6.22% between 2002 and 2005
- Burlington-NC only increased + 6.40% between 2002 and 2005
- Anderson-IN only increased + 8.50% between 2002 and 2005
- Jonesboro-AR only increased + 8.86% between 2002 and 2005
- Fort-Wayne-IN only increased + 9.30% between 2002 and 2005
Zip Code in MSA: 27801 - ROCKY MOUNT, NC
MSA Pop: 144627Zip Pop: 22292
Avg Value: 66600
County: EDGECOMBE
Elev: 71
Region: South
Lat: 35.9541
Long: -77.75184