Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Sioux City, Iowa, NE, Sout Dakota MSA appreciated + 18.42% (+ 3.07% yearly) for the period between 1999 and the end of 2004.

The state had + 27.50% total appreciation (+ 4.58% yearly). The state average for Iowa was higher than the real estate appreciation in the Sioux City, Iowa, NE, Sout Dakota MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 49.31% faster than this MSA.

Sioux-City-IA-NE-SD

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


Lets look at Correctionville, Iowa, a city located in Sioux City, Iowa, NE, Sout Dakota 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 Correctionville, Iowa Refinance, or Correctionville, Iowa Reverse Mortgages, you could estimate your home value.

If you knew your Correctionville, Iowa home was worth $103,000.00 in 1999, you could multiply by + 18.42%, add the gain and see the home should be worth $121,973.46 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Sioux-City-IA-NE-SD from 1999 to 2004:
+ 3.07%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1999 to 2004 were Ogden-Clearfield-UT, Provo-Orem-UT, Jackson-TN, Lafayette-IN, and Columbus-IN .

  1. Ogden-Clearfield-UT only increased + 8.27% between 1999 and 2004
  2. Provo-Orem-UT only increased + 12.04% between 1999 and 2004
  3. Jackson-TN only increased + 12.75% between 1999 and 2004
  4. Lafayette-IN only increased + 13.11% between 1999 and 2004
  5. Columbus-IN only increased + 13.36% between 1999 and 2004

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 51016 - CORRECTIONVILLE, IA

MSA Pop: 142857
Zip Pop: 1451
Avg Value: 58300
County: WOODBURY
Elev: 1117
Region: Midwest
Lat: 42.47668
Long: -95.783616