Real Estate Appreciation for Midland, Texas: - 20.59%
Appreciation for MSAs:.
Let's start by comparing Midland, Texas 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 - 20.59% (- 5.15% yearly) for the Midland, Texas MSA.
The entire state of TX had + 3.04% appreciation (+ 0.76% yearly).
The state average for Texas was higher than the real estate appreciation in the Midland, Texas MSA. This means the conditions in the MSA for real estate investment were worse by -114.74%.
Midland-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1982 | 2 | 146.74 | + 1.65% | + 6.59% |
| 1982 | 3 | 142.67 | - 2.77% | - 11.09% |
| 1982 | 4 | 143.37 | + 0.49% | + 1.96% |
| 1983 | 1 | 140.17 | - 2.23% | - 8.93% |
| 1983 | 2 | 141 | + 0.59% | + 2.37% |
| 1983 | 3 | 137.09 | - 2.77% | - 11.09% |
| 1983 | 4 | 125.41 | - 8.52% | - 34.08% |
| 1984 | 1 | 129.74 | + 3.45% | + 13.81% |
| 1984 | 2 | 128.07 | - 1.29% | - 5.15% |
| 1984 | 3 | 120.7 | - 5.75% | - 23.02% |
| 1984 | 4 | 120.15 | - 0.46% | - 1.82% |
| 1985 | 1 | 118.53 | - 1.35% | - 5.39% |
| 1985 | 2 | 118.55 | + 0.02% | + 0.07% |
| 1985 | 3 | 116.06 | - 2.10% | - 8.40% |
| 1985 | 4 | 114.63 | - 1.23% | - 4.93% |
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 Midland, Texas 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 Midland, Texas.
If you were going to do a Midland, Texas Refinance, or Midland, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Midland, Texas home was worth $67,000.00 in 1982, you could multiply by - 20.59%, add the gain and see the home should be worth $53,201.79 in 1985. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Midland-TX from 1982 to 1985:
- 5.15%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1982 to 1985 were Worcester-MA, Providence-New-Bedford-Fall-River-RI-MA, Bridgeport-Stamford-Norwalk-CT, Rochester-NY, and Albany-Schenectady-Troy-NY .
- Worcester-MA increased + 98.26% from 1982 to the end of 1985
- Providence-New-Bedford-Fall-River-RI-MA increased + 66.81% from 1982 to the end of 1985
- Bridgeport-Stamford-Norwalk-CT increased + 59.86% from 1982 to the end of 1985
- Rochester-NY increased + 51.29% from 1982 to the end of 1985
- Albany-Schenectady-Troy-NY increased + 40.44% from 1982 to the end of 1985
Zip Code in MSA: 79703 - MIDLAND, TX
MSA Pop: 118624Zip Pop: 18582
Avg Value: 50400
County: MIDLAND
Elev: 2769
Region: South
Lat: 31.978591
Long: -102.118157