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 Ocean City, New Jersey MSA appreciation it was + 67.30% (+ 16.83% yearly) from 2000 to 2003.

During the same time period, NJ had + 49.36% (+ 12.34% yearly). You can see that the Ocean City, New Jersey MSA experienced higher appreciation in this case.

Ocean-City-NJ

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2000 2 138.41 + 3.07% + 12.27%
2000 3 142.58 + 3.01% + 12.05%
2000 4 149.1 + 4.57% + 18.29%
2001 1 152.12 + 2.03% + 8.10%
2001 2 157.25 + 3.37% + 13.49%
2001 3 160.51 + 2.07% + 8.29%
2001 4 166.64 + 3.82% + 15.28%
2002 1 173.65 + 4.21% + 16.83%
2002 2 176.78 + 1.80% + 7.21%
2002 3 183.53 + 3.82% + 15.27%
2002 4 189.62 + 3.32% + 13.27%
2003 1 193.56 + 2.08% + 8.31%
2003 2 197.43 + 2.00% + 8.00%
2003 3 204.36 + 3.51% + 14.04%
2003 4 224.67 + 9.94% + 39.75%


If you need information on Hard Money Rehab Loans in Cape May, New Jersey look at 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 $103,000.00 in 2000, you could multiply by + 67.30%, add the gain and see the home should be worth $172,321.17 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Ocean-City-NJ from 2000 to 2003:
+ 16.83%

Appreciation Comparisons

The worst 5 MSAs from 2000 to 2003 were Ogden-Clearfield-UT, Wenatchee-WA, Provo-Orem-UT, Jackson-TN, and Lafayette-IN .

  1. Ogden-Clearfield-UT only increased + 7.50% between 2000 and 2003
  2. Wenatchee-WA only increased + 7.51% between 2000 and 2003
  3. Provo-Orem-UT only increased + 8.27% between 2000 and 2003
  4. Jackson-TN only increased + 8.39% between 2000 and 2003
  5. Lafayette-IN only increased + 8.43% between 2000 and 2003

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 8204 - CAPE MAY, NJ

MSA Pop: 101845
Zip Pop: 18831
Avg Value: 122700
County: CAPE MAY
Elev: 19
Region: Northeast
Lat: 38.9712
Long: -74.92314