Tools for finding out average home appreciation history

[Kevin W.]

Good evening folks!

Any online tool/website or BP tools that can help determine average property value growth? (let's say from 2000 up until 2022) I have personally been using Zillow Home Value Index, and Realtor's Realestimate and looking at property sale records to determine how much a home has appreciated over a certain period.

Also, I have been looking at the number of "for rent" across apartment.com, Trulia, and Zillow to determine how competitive the rental market is. While this gives me an idea of the market rent and apartment conditions, is there a way to see how many apartments have been rented? (are apartments actually being rented?) I have heard of calling a local property management company and asking them this, but I am not too sure.

Appreciate any comments or suggestions. Cheers!

[Robert Whitelaw]

The methods you are using a pretty good and free. There are tools you can use that you have to pay for, but frankly, I have used both and find the free way to be pretty reliable. For appreciation, I look at various properties in a market and look up when they sold in the past for and what their current value is or what they recently sold for, then calculate a rate of increase from that. This tool makes it easy and is - again - free - https://www.calculatorsoup.com...

Do that for a few similar properties in a market and you usually start to circle a decent number.