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 - 15.99% (- 1.23% yearly) from 1984 to 1996.

During the same time period, TX had + 8.27% (+ 0.64% yearly). From 1984 to 1996, 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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1993-1996 Quarterly Detailed Appreciation
1990-1993 Quarterly Detailed Appreciation
1987-1990 Quarterly Detailed Appreciation
1984-1987 Quarterly Detailed Appreciation


Lets look at Odessa, Texas, a city located in Odessa, Texas MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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 $80,000.00 in 1984, you could multiply by - 15.99%, add the gain and see the home should be worth $67,210.14 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Odessa-TX from 1984 to 1996:
- 1.23%

Appreciation Comparisons

For a 13 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Honolulu-HI, and Santa-Rosa-Petaluma-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +365.89% from 1977 thru 1989
  2. San-Jose-Sunnyvale-Santa-Clara-CA increased +354.74% from 1976 thru 1988
  3. Oxnard-Thousand-Oaks-Ventura-CA increased +346.24% from 1977 thru 1989
  4. Honolulu-HI increased +322.63% from 1978 thru 1990
  5. Santa-Rosa-Petaluma-CA increased +285.59% from 1977 thru 1989

Zip Code in MSA: 79769 - ODESSA, TX

MSA Pop: 122692
Zip Pop: 0
Avg Value: 0
County: ECTOR
Elev: 2890
Region: South
Lat: 31.8465
Long: -102.3663