Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 73.47%
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 + 73.47% (+ 6.12% yearly).
All of the property in MD averaged +158.04% change in value (+ 13.17% yearly).
Cumberland-MD-WV
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
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 Corriganville, Maryland 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 Cumberland, Maryland, West Virginia.
If you were going to do a Corriganville, Maryland Refinance, or Corriganville, Maryland Reverse Mortgages, you could estimate your home value.
If you knew your Corriganville, Maryland home was worth $101,000.00 in 1995, you could multiply by + 73.47%, add the gain and see the home should be worth $175,204.70 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1995 to 2006:
+ 6.12%
Appreciation Comparisons
The worst perfoming MSAs ever for a 12 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 29.95% from 1982 to 1993
- Midland-TX lost - 27.35% from 1983 thru 1994
- Midland-TX lost - 18.42% from 1984 thru 1995
- Odessa-TX lost - 17.39% from 1984 thru 1995
- Lafayette-LA lost - 14.77% from 1982 thru 1993
The top 5 performing MSAs from 1995 to 2006 were Salinas-CA, Riverside-San-Bernardino-Ontario-CA, Ocean-City-NJ, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, and Oxnard-Thousand-Oaks-Ventura-CA .
- Salinas-CA increased +252.85% from 1995 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +235.41% from 1995 to the end of 2006
- Ocean-City-NJ increased +233.38% from 1995 to the end of 2006
- Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +229.46% from 1995 to the end of 2006
- Oxnard-Thousand-Oaks-Ventura-CA increased +221.92% from 1995 to the end of 2006
Zip Code in MSA: 21524 - CORRIGANVILLE, MD
MSA Pop: 100815Zip Pop: 844
Avg Value: 85000
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.692778
Long: -78.793056