Real Estate Appreciation for Atlantic City, New Jersey: - 2.36%
Appreciation for MSAs:.
Let's start by comparing Atlantic City, New Jersey to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of - 2.36% (- 0.59% yearly) for the Atlantic City, New Jersey MSA.
The entire state of NJ had + 2.16% appreciation (+ 0.54% yearly).
The state average for New Jersey was higher than the real estate appreciation in the Atlantic City, New Jersey MSA. This means the conditions in the MSA for real estate investment were worse by -191.75%.
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1992 | 2 | 106.09 | - 0.36% | - 1.43% |
| 1992 | 3 | 107.83 | + 1.64% | + 6.56% |
| 1992 | 4 | 106.4 | - 1.33% | - 5.30% |
| 1993 | 1 | 105.65 | - 0.70% | - 2.82% |
| 1993 | 2 | 107.35 | + 1.61% | + 6.44% |
| 1993 | 3 | 106.97 | - 0.35% | - 1.42% |
| 1993 | 4 | 107.18 | + 0.20% | + 0.79% |
| 1994 | 1 | 105.18 | - 1.87% | - 7.46% |
| 1994 | 2 | 105.25 | + 0.07% | + 0.27% |
| 1994 | 3 | 101.87 | - 3.21% | - 12.85% |
| 1994 | 4 | 99.26 | - 2.56% | - 10.25% |
| 1995 | 1 | 100 | + 0.75% | + 2.98% |
| 1995 | 2 | 101.31 | + 1.31% | + 5.24% |
| 1995 | 3 | 104.92 | + 3.56% | + 14.25% |
| 1995 | 4 | 103.96 | - 0.91% | - 3.66% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Hammonton, New Jersey Refinance, or Hammonton, New Jersey Reverse Mortgages, you could estimate your home value.
If you knew your Hammonton, New Jersey home was worth $87,000.00 in 1992, you could multiply by - 2.36%, add the gain and see the home should be worth $84,949.00 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 1992 to 1995:
- 0.59%
Appreciation Comparisons
The top 5 performing MSAs from 1992 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Corvallis-OR, Ogden-Clearfield-UT, and Boulder-CO .
- Salt-Lake-City-UT increased + 58.28% from 1992 to the end of 1995
- Provo-Orem-UT increased + 57.01% from 1992 to the end of 1995
- Corvallis-OR increased + 52.37% from 1992 to the end of 1995
- Ogden-Clearfield-UT increased + 49.28% from 1992 to the end of 1995
- Boulder-CO increased + 47.51% from 1992 to the end of 1995
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
Zip Code in MSA: 8037 - HAMMONTON, NJ
MSA Pop: 263410Zip Pop: 22461
Avg Value: 120600
County: ATLANTIC
Elev: 12
Region: Northeast
Lat: 39.629954
Long: -74.770143