Real Estate Appreciation for Salinas, California: +247.53%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Salinas, California did compared to the state as a whole.
The Salinas, California MSA property value change was +247.53% (+ 24.75% yearly).
All of the property in CA averaged +221.56% change in value (+ 22.16% yearly).
Salinas-CA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Salinas, California click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Salinas, California.
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 $103,000.00 in 1997, you could multiply by +247.53%, add the gain and see the home should be worth $357,958.73 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salinas-CA from 1997 to 2006:
+ 24.75%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Midland-TX lost - 22.05% from 1984 thru 1993
- Lafayette-LA lost - 21.25% from 1983 thru 1992
Zip Code in MSA: 93905 - SALINAS, CA
MSA Pop: 414449Zip Pop: 58537
Avg Value: 156900
County: MONTEREY
Elev: 53
Region: West
Lat: 36.680045
Long: -121.61804