Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 13.53%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Cumberland, Maryland, West Virginia MSA appreciation it was + 13.53% (+ 4.51% yearly) from 2000 to 2002.
During the same time period, MD had + 26.62% (+ 8.87% yearly).
From 2000 to 2002, Maryland outperformed the individual Cumberland, Maryland, West Virginia MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2002 | 1 | 115.67 | + 1.72% | + 6.89% |
| 2002 | 2 | 115.95 | + 0.24% | + 0.97% |
| 2002 | 3 | 116.6 | + 0.56% | + 2.24% |
| 2002 | 4 | 120.55 | + 3.39% | + 13.55% |
There are a lot of ways to use the appreciation data for Cumberland, Maryland, West Virginia .
Lets look at Cumberland, Maryland, a city located in Cumberland, Maryland, West Virginia MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Cumberland, 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 $102,000.00 in 2000, you could multiply by + 13.53%, add the gain and see the home should be worth $115,804.29 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2000 to 2002:
+ 4.51%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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