Real Estate Appreciation for Odessa, Texas: - 18.24%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Odessa, Texas did compared to the state as a whole.
The Odessa, Texas MSA property value change was - 18.24% (- 4.56% yearly).
All of the property in TX averaged - 11.14% change in value (- 2.78% yearly).
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1988 | 1 | 84.3 | - 3.45% | - 13.79% |
| 1988 | 2 | 93.46 | + 10.87% | + 43.46% |
| 1988 | 3 | 92.74 | - 0.77% | - 3.08% |
| 1988 | 4 | 90.26 | - 2.67% | - 10.70% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Odessa-TX here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Texas, you can do some research at Spec-Loan.com.
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 $73,000.00 in 1985, you could multiply by - 18.24%, add the gain and see the home should be worth $59,682.79 in 1988. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1985 to 1988:
- 4.56%
Appreciation Comparisons
The top 5 performing MSAs from 1985 to 1988 were Providence-New-Bedford-Fall-River-RI-MA, Springfield-MA, New-Haven-Milford-CT, Hartford-West-Hartford-East-Hartford-CT, and Poughkeepsie-Newburgh-Middletown-NY .
- Providence-New-Bedford-Fall-River-RI-MA increased + 92.26% from 1985 to the end of 1988
- Springfield-MA increased + 86.44% from 1985 to the end of 1988
- New-Haven-Milford-CT increased + 85.97% from 1985 to the end of 1988
- Hartford-West-Hartford-East-Hartford-CT increased + 85.67% from 1985 to the end of 1988
- Poughkeepsie-Newburgh-Middletown-NY increased + 78.43% from 1985 to the end of 1988
In contrast, the worst 5 MSAs from 1985 to 1988 were Lafayette-LA, Austin-Round-Rock-TX, Oklahoma-City-OK, Odessa-TX, and Casper-WY .
- Lafayette-LA decreased by - 34.71% between 1985 and 1988
- Austin-Round-Rock-TX decreased by - 22.05% between 1985 and 1988
- Oklahoma-City-OK decreased by - 21.73% between 1985 and 1988
- Odessa-TX decreased by - 18.24% between 1985 and 1988
- Casper-WY decreased by - 16.99% between 1985 and 1988
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