Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 6.08%
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: + 6.08%
- State of MD: + 11.69%
- Difference: - 47.99%
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 106.18 | + 1.47% | + 5.89% |
| 2000 | 2 | 103.37 | - 2.65% | - 10.59% |
| 2000 | 3 | 107.6 | + 4.09% | + 16.37% |
| 2000 | 4 | 109.9 | + 2.14% | + 8.55% |
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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 $98,000.00 in 1998, you could multiply by + 6.08%, add the gain and see the home should be worth $103,959.46 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1998 to 2000:
+ 2.03%
Appreciation Comparisons
The top 5 performing MSAs from 1998 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 60.41% from 1998 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 58.08% from 1998 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 53.83% from 1998 to the end of 2000
- Salinas-CA increased + 50.81% from 1998 to the end of 2000
- Napa-CA increased + 45.22% from 1998 to the end of 2000
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