Real Estate Appreciation for Atlantic City, New Jersey: - 6.05%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Atlantic City, New Jersey MSA appreciated - 6.05% (- 3.02% yearly) between 1993 and the end of 1994.
The state of NJ had - 1.24% total appreciation (- 0.62% 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 than the state as a whole. The state appreaciated - 79.49% faster than this MSA.
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
There are a lot of ways to use the appreciation data for Atlantic City, New Jersey .
Lets look at Hammonton, New Jersey, a city located in Atlantic City, New Jersey MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Hammonton, New Jersey check out Spec-Loan.com
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 1993, you could multiply by - 6.05%, add the gain and see the home should be worth $81,738.00 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 1993 to 1994:
- 3.02%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1994 were Salt-Lake-City-UT, Fort-Collins-Loveland-CO, Provo-Orem-UT, Ogden-Clearfield-UT, and Greeley-CO .
- Salt-Lake-City-UT increased + 30.47% from 1993 to the end of 1994
- Fort-Collins-Loveland-CO increased + 28.45% from 1993 to the end of 1994
- Provo-Orem-UT increased + 28.10% from 1993 to the end of 1994
- Ogden-Clearfield-UT increased + 25.98% from 1993 to the end of 1994
- Greeley-CO increased + 25.00% from 1993 to the end of 1994
In contrast, the worst 5 MSAs from 1993 to 1994 were Riverside-San-Bernardino-Ontario-CA, Kingston-NY, Binghamton-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 13.55% between 1993 and 1994
- Kingston-NY decreased by - 12.24% between 1993 and 1994
- Binghamton-NY decreased by - 10.95% between 1993 and 1994
- Utica-Rome-NY decreased by - 8.71% between 1993 and 1994
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 8.42% between 1993 and 1994
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