Real Estate Appreciation for Atlantic City, New Jersey: + 80.51%
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 + 80.51% (+ 20.13% yearly) for the Atlantic City, New Jersey MSA.
The entire state of NJ had + 64.16% appreciation (+ 16.04% yearly).
The Atlantic City, New Jersey MSA beat out the state. by + 25.48% 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% |
| 2005 | 1 | 219.69 | + 3.23% | + 12.91% |
| 2005 | 2 | 236.5 | + 7.65% | + 30.61% |
| 2005 | 3 | 245.03 | + 3.61% | + 14.43% |
| 2005 | 4 | 256.72 | + 4.77% | + 19.08% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Hammonton, New Jersey click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Atlantic City, New Jersey.
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 $107,000.00 in 2002, you could multiply by + 80.51%, add the gain and see the home should be worth $193,144.71 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 2002 to 2005:
+ 20.13%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
In contrast, the worst 5 MSAs from 2002 to 2005 were Lafayette-IN, Burlington-NC, Anderson-IN, Jonesboro-AR, and Fort-Wayne-IN .
- Lafayette-IN only increased + 6.22% between 2002 and 2005
- Burlington-NC only increased + 6.40% between 2002 and 2005
- Anderson-IN only increased + 8.50% between 2002 and 2005
- Jonesboro-AR only increased + 8.86% between 2002 and 2005
- Fort-Wayne-IN only increased + 9.30% between 2002 and 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