Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 6.95%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Cumberland, Maryland, West Virginia MSA appreciated + 6.95% (+ 3.47% yearly) for the period between 2001 and the end of 2002.
The state had + 18.35% total appreciation (+ 9.17% yearly).
The state average for Maryland was higher than the real estate appreciation in the Cumberland, Maryland, West Virginia MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +164.11% faster than this MSA.
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $103,000.00 in 2001, you could multiply by + 6.95%, add the gain and see the home should be worth $110,154.81 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2001 to 2002:
+ 3.47%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Yuba-City-CA, Providence-New-Bedford-Fall-River-RI-MA, and Chico-CA .
- Barnstable-Town-MA increased + 29.22% from 2001 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 27.71% from 2001 to the end of 2002
- Yuba-City-CA increased + 27.51% from 2001 to the end of 2002
- Providence-New-Bedford-Fall-River-RI-MA increased + 27.39% from 2001 to the end of 2002
- Chico-CA increased + 27.31% from 2001 to the end of 2002
Zip Code in MSA: 21501 - CUMBERLAND, MD
MSA Pop: 100815Zip Pop: 0
Avg Value: 0
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.65091
Long: -78.75701