Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 34.97%
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 + 34.97% (+ 8.74% yearly) for the Cumberland, Maryland, West Virginia MSA.
The entire state of MD had + 79.00% appreciation (+ 19.75% 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 +125.91%.
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% |
| 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% |
| 2005 | 1 | 138.21 | + 3.06% | + 12.26% |
| 2005 | 2 | 145.34 | + 5.16% | + 20.64% |
| 2005 | 3 | 153.55 | + 5.65% | + 22.60% |
| 2005 | 4 | 156.12 | + 1.67% | + 6.69% |
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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 $107,000.00 in 2002, you could multiply by + 34.97%, add the gain and see the home should be worth $144,418.09 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2002 to 2005:
+ 8.74%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
In contrast, the worst 5 MSAs from 2002 to 2005 were Lafayette-IN, Burlington-NC, Anderson-IN, Jonesboro-AR, and Fort-Wayne-IN .
- Lafayette-IN only increased + 6.22% between 2002 and 2005
- Burlington-NC only increased + 6.40% between 2002 and 2005
- Anderson-IN only increased + 8.50% between 2002 and 2005
- Jonesboro-AR only increased + 8.86% between 2002 and 2005
- Fort-Wayne-IN only increased + 9.30% between 2002 and 2005
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