Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 16.36%
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: + 16.36%
- State of MD: + 35.23%
- Difference: - 53.56%
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 $100,000.00 in 1998, you could multiply by + 16.36%, add the gain and see the home should be worth $116,361.00 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 1998 to 2002:
+ 3.27%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
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