Real Estate Appreciation for Odessa, Texas: - 17.97%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Odessa, Texas: - 17.97%
- State of TX: - 10.20%
- Difference: + 76.16%
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1989 | 1 | 84.04 | - 6.89% | - 27.56% |
| 1989 | 2 | 86.04 | + 2.38% | + 9.52% |
| 1989 | 3 | 91.04 | + 5.81% | + 23.25% |
| 1989 | 4 | 88.12 | - 3.21% | - 12.83% |
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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 $75,000.00 in 1986, you could multiply by - 17.97%, add the gain and see the home should be worth $61,519.13 in 1989. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1986 to 1989:
- 4.49%
Appreciation Comparisons
The top 5 performing MSAs from 1986 to 1989 were San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, and Honolulu-HI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 84.41% from 1986 to the end of 1989
- Oxnard-Thousand-Oaks-Ventura-CA increased + 81.28% from 1986 to the end of 1989
- Santa-Cruz-Watsonville-CA increased + 80.63% from 1986 to the end of 1989
- Santa-Rosa-Petaluma-CA increased + 71.01% from 1986 to the end of 1989
- Honolulu-HI increased + 70.40% from 1986 to the end of 1989
In contrast, the worst 5 MSAs from 1986 to 1989 were Anchorage-AK, Austin-Round-Rock-TX, Midland-TX, Casper-WY, and Oklahoma-City-OK .
- Anchorage-AK decreased by - 28.25% between 1986 and 1989
- Austin-Round-Rock-TX decreased by - 25.36% between 1986 and 1989
- Midland-TX decreased by - 21.19% between 1986 and 1989
- Casper-WY decreased by - 19.47% between 1986 and 1989
- Oklahoma-City-OK decreased by - 18.30% between 1986 and 1989
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