Real Estate Appreciation for Odessa, Texas: + 13.42%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Odessa, Texas MSA appreciated + 13.42% (+ 3.36% yearly) for the period between 1989 and the end of 1992.
The state had + 9.95% total appreciation (+ 2.49% yearly).
The Odessa, Texas MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1991 | 1 | 87 | - 1.81% | - 7.22% |
| 1991 | 2 | 87.92 | + 1.06% | + 4.23% |
| 1991 | 3 | 87.54 | - 0.43% | - 1.73% |
| 1991 | 4 | 93.1 | + 6.35% | + 25.41% |
| 1992 | 1 | 92.48 | - 0.67% | - 2.66% |
| 1992 | 2 | 93.67 | + 1.29% | + 5.15% |
| 1992 | 3 | 96.16 | + 2.66% | + 10.63% |
| 1992 | 4 | 95.32 | - 0.87% | - 3.49% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Notrees, Texas click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Odessa, Texas.
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 $81,000.00 in 1989, you could multiply by + 13.42%, add the gain and see the home should be worth $91,871.97 in 1992. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1989 to 1992:
+ 3.36%
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
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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