Real Estate Appreciation for Midland, Texas: + 6.09%
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 + 6.09% (+ 1.52% yearly) for the period between 1999 and the end of 2002.
The state had + 22.14% total appreciation (+ 5.53% 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 +263.19% faster than this MSA.
Midland-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 110.71 | - 4.16% | - 16.62% |
| 1999 | 3 | 110.45 | - 0.23% | - 0.94% |
| 1999 | 4 | 112.3 | + 1.67% | + 6.70% |
| 2000 | 1 | 111.34 | - 0.85% | - 3.42% |
| 2000 | 2 | 112.91 | + 1.41% | + 5.64% |
| 2000 | 3 | 113.09 | + 0.16% | + 0.64% |
| 2000 | 4 | 112.62 | - 0.42% | - 1.66% |
| 2001 | 1 | 115.52 | + 2.58% | + 10.30% |
| 2001 | 2 | 116.85 | + 1.15% | + 4.61% |
| 2001 | 3 | 117.7 | + 0.73% | + 2.91% |
| 2001 | 4 | 120.14 | + 2.07% | + 8.29% |
| 2002 | 1 | 120.08 | - 0.05% | - 0.20% |
| 2002 | 2 | 119.23 | - 0.71% | - 2.83% |
| 2002 | 3 | 121.82 | + 2.17% | + 8.69% |
| 2002 | 4 | 122.55 | + 0.60% | + 2.40% |
Some of the ways peope use our appreciation data for Midland, Texas include real estate investment .
Lets look at Midland, Texas, a city located in Midland, Texas MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Texas 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 $101,000.00 in 1999, you could multiply by + 6.09%, add the gain and see the home should be worth $107,155.66 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Midland-TX from 1999 to 2002:
+ 1.52%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .
- Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
- Napa-CA increased + 71.93% from 1999 to the end of 2002
- Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
- Salinas-CA increased + 68.96% from 1999 to the end of 2002
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