Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 9.67%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Cumberland, Maryland, West Virginia did compared to the state as a whole.
The Cumberland, Maryland, West Virginia MSA property value change was + 9.67% (+ 2.42% yearly).
All of the property in MD averaged + 8.69% change in value (+ 2.17% yearly).
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 94.23 | - 5.77% | - 23.08% |
| 1995 | 3 | 98.65 | + 4.69% | + 18.76% |
| 1995 | 4 | 93.99 | - 4.72% | - 18.90% |
| 1996 | 1 | 96.5 | + 2.67% | + 10.68% |
| 1996 | 2 | 99.4 | + 3.01% | + 12.02% |
| 1996 | 3 | 95.83 | - 3.59% | - 14.37% |
| 1996 | 4 | 95.56 | - 0.28% | - 1.13% |
| 1997 | 1 | 99.89 | + 4.53% | + 18.12% |
| 1997 | 2 | 99.64 | - 0.25% | - 1.00% |
| 1997 | 3 | 99.51 | - 0.13% | - 0.52% |
| 1997 | 4 | 105.9 | + 6.42% | + 25.69% |
| 1998 | 1 | 103.6 | - 2.17% | - 8.69% |
| 1998 | 2 | 103.1 | - 0.48% | - 1.93% |
| 1998 | 3 | 104.37 | + 1.23% | + 4.93% |
| 1998 | 4 | 109.67 | + 5.08% | + 20.31% |
Some of the ways peope use our appreciation data for Cumberland, Maryland, West Virginia include real estate investment .
Lets look at Cumberland, Maryland, a city located in Cumberland, Maryland, West Virginia 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 Maryland check out Spec-Loan.com
If you were going to do a Cumberland, Maryland Refinance, or Cumberland, Maryland Reverse Mortgages, you could estimate your home value.
If you knew your Cumberland, Maryland home was worth $93,000.00 in 1995, you could multiply by + 9.67%, add the gain and see the home should be worth $101,993.10 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1995 to 1998:
+ 2.42%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
- Bay-City-MI increased + 32.31% from 1995 to the end of 1998
- Jackson-MI increased + 31.57% from 1995 to the end of 1998
- Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
- Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998
Zip Code in MSA: 21502 - CUMBERLAND, MD
MSA Pop: 100815Zip Pop: 44053
Avg Value: 72100
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.596959
Long: -78.834511