Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 9.76%
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: + 9.76%
- State of MD: + 21.49%
- Difference: - 54.60%
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% |
| 2001 | 1 | 112.72 | + 2.57% | + 10.26% |
| 2001 | 2 | 111.86 | - 0.76% | - 3.05% |
| 2001 | 3 | 112.62 | + 0.68% | + 2.72% |
| 2001 | 4 | 113.71 | + 0.97% | + 3.87% |
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 1998, you could multiply by + 9.76%, add the gain and see the home should be worth $108,661.10 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1998 to 2001:
+ 2.44%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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