Noblesville has appreciated about 2.5% per year since 2004 -- with no increase in 2007. However, with an older home, it's dependent upon upgrades. So, if you have done a nice kitchen or bath remodel, you will achieve about 70-80% on your investment dollar. If, however, the house still has the 1960's green kitchen, then the appreication might be even less.

The best thing is to have a real estate agent give you an onsite appriasal of your home. It's free and very accurate.

Let me know if you have any questions or if I can help!

Kristie Smith
Relocation Director
ERA Real Estate Links

A good rule of thumb around here, I'm in 46060, is that appreciation kept pace with inflation. 3-4% appreciation annually. This year, on average, we saw home values drop. Now there are some communities that have done well so this drop was not across the board. I would say if you are selling and competing in the price range of repos for your area, you have lost some value. Value is always market driven. What will you accept and what will a seller pay, today. Value is not your appraisel, or what you paid for it plus your improvements, or what the home sold for down the street. These are good tools to help estimate value, but at the end of the day, it's what someone is willing and can pay, and what you will accept. You need to consider all the additional market forces as well such as interest rates, finance availability, home inventory on the market, etc. These affect home values as well.

where is the home located??

Are you asking for the yearly appreciation rate? Or the cost of an apraisal?

Appreciation varies from area to area and year to year.

Manuel it really depends on what part of the country you are living in and what your market is like. Where I am a Realtor in Texas there is a appreciation rate anywhere from 3 to 7 percent per year. You s/b able to call you local association of Realtor and they s/b able to relay some information in regards to your questions.