Real Estate Appreciation for Odessa, Texas: + 8.70%
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 + 8.70% (+ 2.18% yearly) for the period between 1991 and the end of 1994.
The state had + 9.53% total appreciation (+ 2.38% yearly).
The state average for Texas was higher than the real estate appreciation in the Odessa, Texas MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 9.54% faster than this MSA.
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1993 | 1 | 93.7 | - 1.70% | - 6.80% |
| 1993 | 2 | 96.27 | + 2.74% | + 10.97% |
| 1993 | 3 | 97.94 | + 1.73% | + 6.94% |
| 1993 | 4 | 96.73 | - 1.24% | - 4.94% |
| 1994 | 1 | 97.82 | + 1.13% | + 4.51% |
| 1994 | 2 | 99.63 | + 1.85% | + 7.40% |
| 1994 | 3 | 102.36 | + 2.74% | + 10.96% |
| 1994 | 4 | 94.57 | - 7.61% | - 30.44% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $85,000.00 in 1991, you could multiply by + 8.70%, add the gain and see the home should be worth $92,395.98 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1991 to 1994:
+ 2.18%
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