Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 7.94%
Appreciation for MSAs:.
Let's start by comparing Cumberland, Maryland, West Virginia to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 7.94% (+ 3.97% yearly) for the Cumberland, Maryland, West Virginia MSA.
The entire state of MD had + 22.78% appreciation (+ 11.39% yearly).
The state average for Maryland was higher than the real estate appreciation in the Cumberland, Maryland, West Virginia MSA. This means the conditions in the MSA for real estate investment were worse by +187.00%.
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $105,000.00 in 2002, you could multiply by + 7.94%, add the gain and see the home should be worth $113,333.19 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2002 to 2003:
+ 3.97%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .
- Fresno-CA increased + 36.89% from 2002 to the end of 2003
- Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
- Chico-CA increased + 35.05% from 2002 to the end of 2003
- Madera-CA increased + 34.32% from 2002 to the end of 2003
- Redding-CA increased + 34.01% from 2002 to the end of 2003
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