Real Estate Appreciation for Salinas, California: + 25.16%
Appreciation for MSAs:.
Let's start by comparing Salinas, California 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 + 25.16% (+ 3.15% yearly) for the Salinas, California MSA.
The entire state of CA had + 9.48% appreciation (+ 1.18% yearly).
The Salinas, California MSA beat out the state. by +165.55% appreciation.
Salinas-CA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Salinas, California Refinance, or Salinas, California Reverse Mortgages, you could estimate your home value.
If you knew your Salinas, California home was worth $91,000.00 in 1992, you could multiply by + 25.16%, add the gain and see the home should be worth $113,897.97 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salinas-CA from 1992 to 1999:
+ 3.15%
Appreciation Comparisons
For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .
- Salinas-CA increased +233.30% from 1998 thru 2005
- Springfield-MA increased +225.43% from 1981 thru 1988
- Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
- Salinas-CA increased +204.52% from 1999 thru 2006
- Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 93902 - SALINAS, CA
MSA Pop: 414449Zip Pop: 0
Avg Value: 0
County: MONTEREY
Elev: 53
Region: West
Lat: 36.67302
Long: -121.65678