Lydia 0 Report post Posted February 4, 2005 What is the best way to find out what the rate of appreciation is in a particular area? Share this post Link to post Share on other sites
frmtgrl 0 Report post Posted February 4, 2005 Hi Lydia, Try http://www.ofheo.gov/HPIMSA.asp Lisa Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 4, 2005 Lydia, in addition to Lisa's link above, some info can be found here, and here. Share this post Link to post Share on other sites
Kimberly 0 Report post Posted February 4, 2005 Generally you can also find the information once a month or so in the "Business" section of your local metro paper. Another place you could find it would be the website of your local realtors association. The appreciation rate itself probably won't be there, but all the information you'd need to calculate it should be. Share this post Link to post Share on other sites
Hitman712sc 0 Report post Posted February 10, 2005 Good links. What about rent market data? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 10, 2005 Rental rates are not as clear cut, since those figures are not part of the public record, as property sales are. Review the For Rent section of your newspaper for starters. Find comparable properties and see what they are asking. You can call on older ads and ask what the property actually rented for, and how long it took to get it filled.Your local REIG is a valuable source of info on this, as well.So would be a residential property management company, along with the property management division of any real estate office. Share this post Link to post Share on other sites
Hitman712sc 0 Report post Posted February 10, 2005 OK, Thanks. Share this post Link to post Share on other sites
boatguy 0 Report post Posted February 10, 2005 You can also try http://www.city-data.com/ Share this post Link to post Share on other sites
Sold ! 0 Report post Posted February 12, 2005 ....and from the city-data.com site I grabbed this tid-bit: "Median house value: $98,000 (year 2000)" In 2004, that number is $334,000 !! Yikes........... Share this post Link to post Share on other sites