Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Midland, Texas MSA appreciation it was + 8.07% (+ 2.02% yearly) from 1990 to 1993.

During the same time period, TX had + 11.23% (+ 2.81% yearly). From 1990 to 1993, Texas outperformed the individual Midland, Texas MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Midland-TX

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1993 1 96.68 + 0.12% + 0.50%
1993 2 99.4 + 2.81% + 11.25%
1993 3 100.61 + 1.22% + 4.87%
1993 4 101.13 + 0.52% + 2.07%


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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 $83,000.00 in 1990, you could multiply by + 8.07%, add the gain and see the home should be worth $89,696.41 in 1993. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Midland-TX from 1990 to 1993:
+ 2.02%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Casper-WY lost - 34.10% from 1983 thru 1986
  2. Casper-WY lost - 32.07% from 1984 thru 1987

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