Real Estate Appreciation for Cumberland, Maryland, West Virginia: + 25.51%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Cumberland, Maryland, West Virginia did compared to the state as a whole.
The Cumberland, Maryland, West Virginia MSA property value change was + 25.51% (+ 12.76% yearly).
All of the property in MD averaged + 26.28% change in value (+ 13.14% yearly).
Cumberland-MD-WV
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $111,000.00 in 2005, you could multiply by + 25.51%, add the gain and see the home should be worth $139,318.21 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cumberland-MD-WV from 2005 to 2006:
+ 12.76%
Appreciation Comparisons
The top 5 performing MSAs from 2005 to 2006 were Bend-OR, Boise-City-Nampa-ID, Phoenix-Mesa-Scottdale-AZ, Naples-Marco-Island-FL, and Ocala-FL .
- Bend-OR increased + 52.68% from 2005 to the end of 2006
- Boise-City-Nampa-ID increased + 43.68% from 2005 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 43.40% from 2005 to the end of 2006
- Naples-Marco-Island-FL increased + 41.08% from 2005 to the end of 2006
- Ocala-FL increased + 40.98% from 2005 to the end of 2006
Zip Code in MSA: 21501 - CUMBERLAND, MD
MSA Pop: 100815Zip Pop: 0
Avg Value: 0
County: ALLEGANY
Elev: 641
Region: South
Lat: 39.65091
Long: -78.75701