Real Estate Appreciation for Atlantic City, New Jersey: + 48.35%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Atlantic City, New Jersey MSA appreciation it was + 48.35% (+ 12.09% yearly) from 2000 to 2003.
During the same time period, NJ had + 49.36% (+ 12.34% yearly).
From 2000 to 2003, New Jersey outperformed the individual Atlantic City, New Jersey MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2003 | 1 | 159.07 | + 2.89% | + 11.57% |
| 2003 | 2 | 161.77 | + 1.70% | + 6.79% |
| 2003 | 3 | 167.84 | + 3.75% | + 15.01% |
| 2003 | 4 | 177.89 | + 5.99% | + 23.95% |
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 $103,000.00 in 2000, you could multiply by + 48.35%, add the gain and see the home should be worth $152,803.52 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 2000 to 2003:
+ 12.09%
Appreciation Comparisons
The top 5 performing MSAs from 2000 to 2003 were Yuba-City-CA, Barnstable-Town-MA, Modesto-CA, San-Luis-Obispo-Paso-Robles-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Yuba-City-CA increased + 71.27% from 2000 to the end of 2003
- Barnstable-Town-MA increased + 70.88% from 2000 to the end of 2003
- Modesto-CA increased + 69.30% from 2000 to the end of 2003
- San-Luis-Obispo-Paso-Robles-CA increased + 67.94% from 2000 to the end of 2003
- San-Diego-Carlsbad-San-Marcos-CA increased + 67.84% from 2000 to the end of 2003
In contrast, the worst 5 MSAs from 2000 to 2003 were Ogden-Clearfield-UT, Wenatchee-WA, Provo-Orem-UT, Jackson-TN, and Lafayette-IN .
- Ogden-Clearfield-UT only increased + 7.50% between 2000 and 2003
- Wenatchee-WA only increased + 7.51% between 2000 and 2003
- Provo-Orem-UT only increased + 8.27% between 2000 and 2003
- Jackson-TN only increased + 8.39% between 2000 and 2003
- Lafayette-IN only increased + 8.43% between 2000 and 2003
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