Real Estate Appreciation for Midland, Texas: + 9.26%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Midland, Texas MSA appreciation it was + 9.26% (+ 2.31% yearly) from 1994 to 1997.
During the same time period, TX had + 8.47% (+ 2.12% yearly).
You can see that the Midland, Texas MSA experienced higher appreciation in this case.
Midland-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 103.13 | + 0.69% | + 2.77% |
| 1994 | 3 | 101.91 | - 1.18% | - 4.73% |
| 1994 | 4 | 101.83 | - 0.08% | - 0.31% |
| 1995 | 1 | 100 | - 1.80% | - 7.19% |
| 1995 | 2 | 103.26 | + 3.26% | + 13.04% |
| 1995 | 3 | 104.25 | + 0.96% | + 3.83% |
| 1995 | 4 | 105.84 | + 1.53% | + 6.10% |
| 1996 | 1 | 106.59 | + 0.71% | + 2.83% |
| 1996 | 2 | 106.17 | - 0.39% | - 1.58% |
| 1996 | 3 | 106.56 | + 0.37% | + 1.47% |
| 1996 | 4 | 105.72 | - 0.79% | - 3.15% |
| 1997 | 1 | 109.08 | + 3.18% | + 12.71% |
| 1997 | 2 | 108.25 | - 0.76% | - 3.04% |
| 1997 | 3 | 109.6 | + 1.25% | + 4.99% |
| 1997 | 4 | 111.9 | + 2.10% | + 8.39% |
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 $91,000.00 in 1994, you could multiply by + 9.26%, add the gain and see the home should be worth $99,422.96 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Midland-TX from 1994 to 1997:
+ 2.31%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1997 were Ogden-Clearfield-UT, Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, and Portland-Vancouver-Beaverton-OR-WA .
- Ogden-Clearfield-UT increased + 41.78% from 1994 to the end of 1997
- Salt-Lake-City-UT increased + 41.49% from 1994 to the end of 1997
- Provo-Orem-UT increased + 38.70% from 1994 to the end of 1997
- Logan-UT-ID increased + 35.30% from 1994 to the end of 1997
- Portland-Vancouver-Beaverton-OR-WA increased + 34.77% from 1994 to the end of 1997
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