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 - 26.55% (- 4.42% yearly) from 1984 to 1989.

During the same time period, TX had - 7.31% (- 1.22% yearly). From 1984 to 1989, 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

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1986-1989 Quarterly Detailed Appreciation


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a Odessa, Texas Refinance, or Odessa, Texas Reverse Mortgages, you could estimate your home value.

If you knew your Odessa, Texas home was worth $73,000.00 in 1984, you could multiply by - 26.55%, add the gain and see the home should be worth $53,619.74 in 1989. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Odessa-TX from 1984 to 1989:
- 4.42%

Appreciation Comparisons

The worst 5 MSAs from 1984 to 1989 were Anchorage-AK, Midland-TX, Lafayette-LA, Odessa-TX, and Casper-WY .

  1. Anchorage-AK decreased by - 33.17% between 1984 and 1989
  2. Midland-TX decreased by - 27.41% between 1984 and 1989
  3. Lafayette-LA decreased by - 26.96% between 1984 and 1989
  4. Odessa-TX decreased by - 26.55% between 1984 and 1989
  5. Casper-WY decreased by - 24.34% between 1984 and 1989

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 79761 - ODESSA, TX

MSA Pop: 122692
Zip Pop: 28592
Avg Value: 42900
County: ECTOR
Elev: 2890
Region: South
Lat: 31.854991
Long: -102.354195