Real Estate Appreciation for Ocean City, New Jersey: + 91.98%
Appreciation for MSAs:.
Let's start by comparing Ocean City, New Jersey to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 91.98% (+ 18.40% yearly) for the Ocean City, New Jersey MSA.
The entire state of NJ had + 72.67% appreciation (+ 14.53% yearly).
The Ocean City, New Jersey MSA beat out the state. by + 26.57% appreciation.
Ocean-City-NJ
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
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 $108,000.00 in 2002, you could multiply by + 91.98%, add the gain and see the home should be worth $207,342.59 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ocean-City-NJ from 2002 to 2006:
+ 18.40%
Appreciation Comparisons
For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
- Worcester-MA increased +138.82% from 1982 thru 1986
- Fresno-CA increased +137.23% from 2001 thru 2005
- Madera-CA increased +136.99% from 2001 thru 2005
- Yuba-City-CA increased +136.08% from 2001 thru 2005
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