Real Estate Appreciation for Atlantic City, New Jersey: + 34.72%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Atlantic City, New Jersey MSA appreciated + 34.72% (+ 8.68% yearly) for the period between 1999 and the end of 2002.
The state had + 43.17% total appreciation (+ 10.79% yearly).
The state average for New Jersey was higher than the real estate appreciation in the Atlantic City, New Jersey MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 24.34% faster than this MSA.
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 114.35 | - 0.36% | - 1.43% |
| 1999 | 3 | 116.68 | + 2.04% | + 8.15% |
| 1999 | 4 | 117.01 | + 0.28% | + 1.13% |
| 2000 | 1 | 119.91 | + 2.48% | + 9.91% |
| 2000 | 2 | 120.71 | + 0.67% | + 2.67% |
| 2000 | 3 | 126.27 | + 4.61% | + 18.42% |
| 2000 | 4 | 125.75 | - 0.41% | - 1.65% |
| 2001 | 1 | 131.36 | + 4.46% | + 17.84% |
| 2001 | 2 | 132.76 | + 1.07% | + 4.26% |
| 2001 | 3 | 135.98 | + 2.43% | + 9.70% |
| 2001 | 4 | 138.33 | + 1.73% | + 6.91% |
| 2002 | 1 | 142.22 | + 2.81% | + 11.25% |
| 2002 | 2 | 145.6 | + 2.38% | + 9.51% |
| 2002 | 3 | 150.56 | + 3.41% | + 13.63% |
| 2002 | 4 | 154.6 | + 2.68% | + 10.73% |
Lets look at Hammonton, New Jersey, a city located in Atlantic City, New Jersey MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $101,000.00 in 1999, you could multiply by + 34.72%, add the gain and see the home should be worth $136,063.09 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 1999 to 2002:
+ 8.68%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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