Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Cumberland, Maryland, West Virginia MSA appreciation it was + 20.31% (+ 10.15% yearly) from 2004 to 2005.

During the same time period, MD had + 42.15% (+ 21.07% yearly). From 2004 to 2005, Maryland outperformed the individual Cumberland, Maryland, West Virginia MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Cumberland-MD-WV

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Cumberland, Maryland click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Cumberland, Maryland, West Virginia.

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 2004, you could multiply by + 20.31%, add the gain and see the home should be worth $131,132.62 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2004 to 2005:
+ 10.15%

Appreciation Comparisons

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

The top 5 performing MSAs from 2004 to 2005 were Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 to the end of 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
  3. Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005

Zip Code in MSA: 21501 - CUMBERLAND, MD

MSA Pop: 100815
Zip Pop: 0
Avg Value: 0
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.65091
Long: -78.75701