Real Estate Appreciation for Ocean City, New Jersey: + 37.57%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Ocean City, New Jersey did compared to the state as a whole.
The Ocean City, New Jersey MSA property value change was + 37.57% (+ 9.39% yearly).
All of the property in NJ averaged + 24.22% change in value (+ 6.06% yearly).
Ocean-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 118.51 | + 0.71% | + 2.82% |
| 1999 | 2 | 121.64 | + 2.64% | + 10.56% |
| 1999 | 3 | 123.99 | + 1.93% | + 7.73% |
| 1999 | 4 | 132.28 | + 6.69% | + 26.74% |
| 2000 | 1 | 134.29 | + 1.52% | + 6.08% |
| 2000 | 2 | 138.41 | + 3.07% | + 12.27% |
| 2000 | 3 | 142.58 | + 3.01% | + 12.05% |
| 2000 | 4 | 149.1 | + 4.57% | + 18.29% |
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 $97,000.00 in 1997, you could multiply by + 37.57%, add the gain and see the home should be worth $133,444.36 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ocean-City-NJ from 1997 to 2000:
+ 9.39%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
In contrast, the worst 5 MSAs from 1997 to 2000 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Lewiston-ID-WA, and Midland-TX .
- Honolulu-HI decreased by - 1.70% between 1997 and 2000
- Williamsport-PA only increased + 2.60% between 1997 and 2000
- Buffalo-Niagara-Falls-NY only increased + 3.06% between 1997 and 2000
- Lewiston-ID-WA only increased + 3.08% between 1997 and 2000
- Midland-TX only increased + 3.25% between 1997 and 2000
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