Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 9.74%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Cumberland, Maryland, West Virginia: + 9.74%
- State of MD: + 1.18%
- Difference: +725.34%
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 Cumberland, 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 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 1996, you could multiply by + 9.74%, add the gain and see the home should be worth $102,059.07 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1996 to 1997:
+ 4.87%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
Zip Code in MSA: 21501 - CUMBERLAND, MD
MSA Pop: 100815Zip Pop: 0
Avg Value: 0
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.65091
Long: -78.75701