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 - 17.25% (- 1.23% yearly) from 1984 to 1997.

During the same time period, TX had + 12.03% (+ 0.86% yearly). From 1984 to 1997, 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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1994-1997 Quarterly Detailed Appreciation
1991-1994 Quarterly Detailed Appreciation
1988-1991 Quarterly Detailed Appreciation
1985-1988 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Odessa, Texas .

Lets look at Penwell, Texas, a city located in Odessa, Texas 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 Penwell, Texas check out Spec-Loan.com

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

If you knew your Penwell, Texas home was worth $81,000.00 in 1984, you could multiply by - 17.25%, add the gain and see the home should be worth $67,024.01 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Odessa-TX from 1984 to 1997:
- 1.23%

Appreciation Comparisons

The top 5 performing MSAs from 1984 to 1997 were Eugene-Springfield-OR, Portland-Vancouver-Beaverton-OR-WA, Bellingham-WA, San-Jose-Sunnyvale-Santa-Clara-CA, and Monroe-MI .

  1. Eugene-Springfield-OR increased +153.60% from 1984 to the end of 1997
  2. Portland-Vancouver-Beaverton-OR-WA increased +138.37% from 1984 to the end of 1997
  3. Bellingham-WA increased +133.19% from 1984 to the end of 1997
  4. San-Jose-Sunnyvale-Santa-Clara-CA increased +126.37% from 1984 to the end of 1997
  5. Monroe-MI increased +125.43% from 1984 to the end of 1997

For a 14 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Honolulu-HI, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, and Santa-Rosa-Petaluma-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +471.91% from 1976 thru 1989
  2. Honolulu-HI increased +338.44% from 1978 thru 1991
  3. San-Jose-Sunnyvale-Santa-Clara-CA increased +337.52% from 1977 thru 1990
  4. Oxnard-Thousand-Oaks-Ventura-CA increased +325.36% from 1977 thru 1990
  5. Santa-Rosa-Petaluma-CA increased +309.66% from 1977 thru 1990

Zip Code in MSA: 79776 - PENWELL, TX

MSA Pop: 122692
Zip Pop: 41
Avg Value: 65000
County: ECTOR
Elev: 2890
Region: South
Lat: 31.73788
Long: -102.59178