Real Estate Appreciation for Ocean City, New Jersey: + 8.07%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Ocean City, New Jersey: + 8.07%
- State of NJ: + 6.22%
- Difference: + 29.79%
Ocean-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 106.79 | - 1.93% | - 7.71% |
| 1996 | 3 | 107.63 | + 0.79% | + 3.15% |
| 1996 | 4 | 104.65 | - 2.77% | - 11.07% |
| 1997 | 1 | 108.38 | + 3.56% | + 14.26% |
| 1997 | 2 | 108 | - 0.35% | - 1.40% |
| 1997 | 3 | 111.28 | + 3.04% | + 12.15% |
| 1997 | 4 | 111.12 | - 0.14% | - 0.58% |
| 1998 | 1 | 113.71 | + 2.33% | + 9.32% |
| 1998 | 2 | 116.66 | + 2.59% | + 10.38% |
| 1998 | 3 | 115.24 | - 1.22% | - 4.87% |
| 1998 | 4 | 117.68 | + 2.12% | + 8.47% |
There are a lot of ways to use the appreciation data for Ocean City, New Jersey .
Lets look at Cape May, New Jersey, a city located in Ocean City, New Jersey MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Cape May, New Jersey check out Spec-Loan.com
If you were going to do a Cape May, New Jersey Refinance, or Cape May, New Jersey Reverse Mortgages, you could estimate your home value.
If you knew your Cape May, New Jersey home was worth $94,000.00 in 1996, you could multiply by + 8.07%, add the gain and see the home should be worth $101,588.02 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ocean-City-NJ from 1996 to 1998:
+ 2.69%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .
- Honolulu-HI decreased by - 11.67% between 1996 and 1998
- Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
- Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
- Utica-Rome-NY only increased + 0.29% between 1996 and 1998
- El-Paso-TX only increased + 0.32% between 1996 and 1998
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 8204 - CAPE MAY, NJ
MSA Pop: 101845Zip Pop: 18831
Avg Value: 122700
County: CAPE MAY
Elev: 19
Region: Northeast
Lat: 38.9712
Long: -74.92314