Real Estate Appreciation for Odessa, Texas: - 6.35%
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 - 6.35% (- 1.59% yearly).
All of the property in TX averaged - 8.37% change in value (- 2.09% yearly).
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1990 | 1 | 80.47 | - 8.68% | - 34.73% |
| 1990 | 2 | 88.29 | + 9.72% | + 38.87% |
| 1990 | 3 | 85.45 | - 3.22% | - 12.87% |
| 1990 | 4 | 88.6 | + 3.69% | + 14.75% |
Some of the ways peope use our appreciation data for Odessa, Texas include real estate investment .
Lets look at Notrees, Texas, a city located in Odessa, Texas MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Texas check out 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 $77,000.00 in 1987, you could multiply by - 6.35%, add the gain and see the home should be worth $72,108.66 in 1990. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1987 to 1990:
- 1.59%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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