Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 33.67%
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 + 33.67% (+ 11.22% yearly) from 2004 to 2006.
During the same time period, MD had + 53.57% (+ 17.86% yearly).
From 2004 to 2006, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Cumberland, Maryland, West Virginia include real estate investment .
Lets look at Cumberland, Maryland, a city located in Cumberland, Maryland, West Virginia MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $110,000.00 in 2004, you could multiply by + 33.67%, add the gain and see the home should be worth $147,042.46 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2004 to 2006:
+ 11.22%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 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