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 + 10.76% (+ 3.59% yearly) for the period between 2001 and the end of 2003.

The state had + 33.87% total appreciation (+ 11.29% 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 +214.74% faster than this MSA.

Cumberland-MD-WV

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2003 1 118.58 - 1.63% - 6.54%
2003 2 122.58 + 3.37% + 13.49%
2003 3 122.7 + 0.10% + 0.39%
2003 4 124.85 + 1.75% + 7.01%


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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 $104,000.00 in 2001, you could multiply by + 10.76%, add the gain and see the home should be worth $115,191.63 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2001 to 2003:
+ 3.59%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2001 to 2003 were Ogden-Clearfield-UT, Logan-UT-ID, Provo-Orem-UT, Austin-Round-Rock-TX, and Jackson-TN .

  1. Ogden-Clearfield-UT only increased + 2.75% between 2001 and 2003
  2. Logan-UT-ID only increased + 2.82% between 2001 and 2003
  3. Provo-Orem-UT only increased + 2.87% between 2001 and 2003
  4. Austin-Round-Rock-TX only increased + 3.75% between 2001 and 2003
  5. Jackson-TN only increased + 3.85% between 2001 and 2003

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 21502 - CUMBERLAND, MD

MSA Pop: 100815
Zip Pop: 44053
Avg Value: 72100
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.596959
Long: -78.834511