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 + 15.93% (+ 5.31% yearly) for the Cumberland, Maryland, West Virginia MSA.

The entire state of MD had + 46.58% appreciation (+ 15.53% 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 +192.35%.

Cumberland-MD-WV

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2004 1 129.77 + 3.94% + 15.76%
2004 2 129.8 + 0.02% + 0.09%
2004 3 132.23 + 1.87% + 7.49%
2004 4 134.1 + 1.41% + 5.66%


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 $106,000.00 in 2002, you could multiply by + 15.93%, add the gain and see the home should be worth $122,889.25 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2002 to 2004:
+ 5.31%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2002 to 2004 were Jackson-TN, Ogden-Clearfield-UT, Austin-Round-Rock-TX, Lafayette-IN, and Burlington-NC .

  1. Jackson-TN only increased + 4.30% between 2002 and 2004
  2. Ogden-Clearfield-UT only increased + 4.40% between 2002 and 2004
  3. Austin-Round-Rock-TX only increased + 4.43% between 2002 and 2004
  4. Lafayette-IN only increased + 4.95% between 2002 and 2004
  5. Burlington-NC only increased + 5.39% between 2002 and 2004

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