How do you determine if a market is appreciating

[Preston Quinn]

Hey guys,

I am looking at a house in a lower income area in my hometown. Everyone (friends and family, typical naysayers) is telling me that those properties are depreciating.

From what I see on the city tax assessors website there has been an average 2.8%/year appreciation for the last 16 years (all the data I have on the website).

My question is this, do you pay attention to these numbers when you’re trying to determine if appreciation will be icing on the cake?

Thanks