Real Estate Appreciation for Atlantic City, New Jersey: + 61.39%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Atlantic City, New Jersey MSA appreciated + 61.39% (+ 20.46% yearly) between 2003 and the end of 2005.
The state of NJ had + 47.15% total appreciation (+ 15.72% yearly).
The Atlantic City, New Jersey MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 30.19% faster than the state as a whole.
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $108,000.00 in 2003, you could multiply by + 61.39%, add the gain and see the home should be worth $174,299.11 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 2003 to 2005:
+ 20.46%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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