Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 8.44%
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: + 8.44%
- State of MD: + 7.36%
- Difference: + 14.62%
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% |
| 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% |
| 1999 | 1 | 107.28 | - 2.18% | - 8.72% |
| 1999 | 2 | 108.81 | + 1.43% | + 5.70% |
| 1999 | 3 | 104.83 | - 3.66% | - 14.63% |
| 1999 | 4 | 104.64 | - 0.18% | - 0.72% |
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 $95,000.00 in 1996, you could multiply by + 8.44%, add the gain and see the home should be worth $103,013.47 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1996 to 1999:
+ 2.11%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
In contrast, the worst 5 MSAs from 1996 to 1999 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Bakersfield-CA, Reading-PA, and Albany-Schenectady-Troy-NY .
- Honolulu-HI decreased by - 13.65% between 1996 and 1999
- Buffalo-Niagara-Falls-NY decreased by - 2.34% between 1996 and 1999
- Bakersfield-CA decreased by - 0.56% between 1996 and 1999
- Reading-PA decreased by - 0.46% between 1996 and 1999
- Albany-Schenectady-Troy-NY decreased by - 0.38% between 1996 and 1999
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