Real Estate Appreciation for Odessa, Texas: - 27.22%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Odessa, Texas MSA appreciation it was - 27.22% (- 6.81% yearly) from 1984 to 1987.
During the same time period, TX had - 8.12% (- 2.03% yearly).
From 1984 to 1987, Texas outperformed the individual Odessa, Texas MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1984 | 2 | 117.98 | - 1.66% | - 6.63% |
| 1984 | 3 | 118.05 | + 0.06% | + 0.24% |
| 1984 | 4 | 111.75 | - 5.34% | - 21.35% |
| 1985 | 1 | 110.4 | - 1.21% | - 4.83% |
| 1985 | 2 | 108.57 | - 1.66% | - 6.63% |
| 1985 | 3 | 112.44 | + 3.56% | + 14.26% |
| 1985 | 4 | 103.74 | - 7.74% | - 30.95% |
| 1986 | 1 | 107.43 | + 3.56% | + 14.23% |
| 1986 | 2 | 109.12 | + 1.57% | + 6.29% |
| 1986 | 3 | 97.09 | - 11.02% | - 44.10% |
| 1986 | 4 | 94.51 | - 2.66% | - 10.63% |
| 1987 | 1 | 94.61 | + 0.11% | + 0.42% |
| 1987 | 2 | 91.59 | - 3.19% | - 12.77% |
| 1987 | 3 | 90.57 | - 1.11% | - 4.45% |
| 1987 | 4 | 87.31 | - 3.60% | - 14.40% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Notrees, Texas click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Odessa, Texas.
If you were going to do a Notrees, Texas Refinance, or Notrees, Texas Reverse Mortgages, you could estimate your home value.
If you knew your Notrees, Texas home was worth $71,000.00 in 1984, you could multiply by - 27.22%, add the gain and see the home should be worth $51,671.33 in 1987. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1984 to 1987:
- 6.81%
Appreciation Comparisons
The top 5 performing MSAs from 1984 to 1987 were New-Haven-Milford-CT, Providence-New-Bedford-Fall-River-RI-MA, Poughkeepsie-Newburgh-Middletown-NY, Bridgeport-Stamford-Norwalk-CT, and Springfield-MA .
- New-Haven-Milford-CT increased +103.08% from 1984 to the end of 1987
- Providence-New-Bedford-Fall-River-RI-MA increased +102.76% from 1984 to the end of 1987
- Poughkeepsie-Newburgh-Middletown-NY increased + 99.69% from 1984 to the end of 1987
- Bridgeport-Stamford-Norwalk-CT increased + 99.39% from 1984 to the end of 1987
- Springfield-MA increased + 95.46% from 1984 to the end of 1987
Zip Code in MSA: 79759 - NOTREES, TX
MSA Pop: 122692Zip Pop: 20
Avg Value: 9999
County: ECTOR
Elev: 2890
Region: South
Lat: 31.917222
Long: -102.755278