Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Midland, Texas MSA appreciated - 1.62% (- 0.40% yearly) for the period between 1989 and the end of 1992.

The state had + 9.95% total appreciation (+ 2.49% yearly). The state average for Texas was higher than the real estate appreciation in the Midland, Texas MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated -713.93% faster than this MSA.

Midland-TX

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1989 2 97.76 - 0.40% - 1.59%
1989 3 98.07 + 0.32% + 1.27%
1989 4 94.18 - 3.97% - 15.87%
1990 1 93.58 - 0.64% - 2.55%
1990 2 94.4 + 0.88% + 3.51%
1990 3 94.1 - 0.32% - 1.27%
1990 4 94.18 + 0.09% + 0.34%
1991 1 94.19 + 0.01% + 0.04%
1991 2 95.66 + 1.56% + 6.24%
1991 3 96.08 + 0.44% + 1.76%
1991 4 94.23 - 1.93% - 7.70%
1992 1 96.81 + 2.74% + 10.95%
1992 2 97.54 + 0.75% + 3.02%
1992 3 96.66 - 0.90% - 3.61%
1992 4 96.56 - 0.10% - 0.41%


Lets look at Midland, Texas, a city located in Midland, Texas MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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 $81,000.00 in 1989, you could multiply by - 1.62%, add the gain and see the home should be worth $79,687.82 in 1992. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Midland-TX from 1989 to 1992:
- 0.40%

Appreciation Comparisons

The top 5 performing MSAs from 1989 to 1992 were Bellingham-WA, Mount-Vernon-Anacortes-WA, Corvallis-OR, Olympia-WA, and Bend-OR .

  1. Bellingham-WA increased + 66.92% from 1989 to the end of 1992
  2. Mount-Vernon-Anacortes-WA increased + 61.96% from 1989 to the end of 1992
  3. Corvallis-OR increased + 54.27% from 1989 to the end of 1992
  4. Olympia-WA increased + 51.84% from 1989 to the end of 1992
  5. Bend-OR increased + 51.82% from 1989 to the end of 1992

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 .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

Zip Code in MSA: 79703 - MIDLAND, TX

MSA Pop: 118624
Zip Pop: 18582
Avg Value: 50400
County: MIDLAND
Elev: 2769
Region: South
Lat: 31.978591
Long: -102.118157