Real Estate Appreciation for Atlantic City, New Jersey: + 11.63%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Atlantic City, New Jersey did compared to the state as a whole.
The Atlantic City, New Jersey MSA property value change was + 11.63% (+ 3.88% yearly).
All of the property in NJ averaged + 13.23% change in value (+ 4.41% yearly).
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 107.52 | + 2.58% | + 10.30% |
| 1997 | 3 | 107.64 | + 0.11% | + 0.45% |
| 1997 | 4 | 108.91 | + 1.18% | + 4.72% |
| 1998 | 1 | 111.48 | + 2.36% | + 9.44% |
| 1998 | 2 | 111.64 | + 0.14% | + 0.57% |
| 1998 | 3 | 113.79 | + 1.93% | + 7.70% |
| 1998 | 4 | 114.99 | + 1.05% | + 4.22% |
| 1999 | 1 | 114.76 | - 0.20% | - 0.80% |
| 1999 | 2 | 114.35 | - 0.36% | - 1.43% |
| 1999 | 3 | 116.68 | + 2.04% | + 8.15% |
| 1999 | 4 | 117.01 | + 0.28% | + 1.13% |
Some of the ways peope use our appreciation data for Atlantic City, New Jersey include real estate investment .
Lets look at Hammonton, New Jersey, a city located in Atlantic City, New Jersey MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $96,000.00 in 1997, you could multiply by + 11.63%, add the gain and see the home should be worth $107,164.28 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 1997 to 1999:
+ 3.88%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
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