Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 46.29%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Cumberland, Maryland, West Virginia MSA appreciated + 46.29% (+ 11.57% yearly) between 2003 and the end of 2006.
The state of MD had + 74.87% total appreciation (+ 18.72% 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 than the state as a whole. The state appreaciated + 61.73% faster than this MSA.
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 157.05 | + 0.60% | + 2.38% |
| 2006 | 2 | 170.6 | + 8.63% | + 34.51% |
| 2006 | 3 | 170.49 | - 0.06% | - 0.26% |
| 2006 | 4 | 173.47 | + 1.75% | + 6.99% |
If you want to learn more about fixing up and flipping property and Hard Money Rehab Loans 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 $109,000.00 in 2003, you could multiply by + 46.29%, add the gain and see the home should be worth $159,455.47 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2003 to 2006:
+ 11.57%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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