Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 20.68%
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 + 20.68% (+ 3.45% yearly).
All of the property in MD averaged + 39.15% change in value (+ 6.52% yearly).
Cumberland-MD-WV
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
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 $99,000.00 in 1997, you could multiply by + 20.68%, add the gain and see the home should be worth $119,475.92 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1997 to 2002:
+ 3.45%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Anchorage-AK lost - 33.17% from 1984 thru 1989
- Midland-TX lost - 31.15% from 1982 thru 1987
Zip Code in MSA: 21503 - CUMBERLAND, MD
MSA Pop: 100815Zip Pop: 0
Avg Value: 0
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.6504
Long: -78.75738