Real Estate Appreciation for Atlantic City, New Jersey: + 49.64%
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 + 49.64% (+ 16.55% yearly) for the Atlantic City, New Jersey MSA.
The entire state of NJ had + 41.43% appreciation (+ 13.81% yearly).
The Atlantic City, New Jersey MSA beat out the state. by + 19.82% appreciation.
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 185.03 | + 4.01% | + 16.05% |
| 2004 | 2 | 191.72 | + 3.62% | + 14.46% |
| 2004 | 3 | 205.64 | + 7.26% | + 29.04% |
| 2004 | 4 | 212.82 | + 3.49% | + 13.97% |
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 $106,000.00 in 2002, you could multiply by + 49.64%, add the gain and see the home should be worth $158,619.88 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 2002 to 2004:
+ 16.55%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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