Appreciation for MSAs:.

Let's start by comparing Odessa, Texas to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 7.17% (+ 1.79% yearly) for the Odessa, Texas MSA.

The entire state of TX had + 9.18% appreciation (+ 2.30% yearly). The state average for Texas was higher than the real estate appreciation in the Odessa, Texas MSA. This means the conditions in the MSA for real estate investment were worse by + 28.08%.

Odessa-TX

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1995 1 100 + 5.74% + 22.97%
1995 2 100.7 + 0.70% + 2.80%
1995 3 98.81 - 1.88% - 7.51%
1995 4 99.11 + 0.30% + 1.21%


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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 $87,000.00 in 1992, you could multiply by + 7.17%, add the gain and see the home should be worth $93,237.13 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Odessa-TX from 1992 to 1995:
+ 1.79%

Appreciation Comparisons

The worst 5 MSAs from 1992 to 1995 were Riverside-San-Bernardino-Ontario-CA, Kingston-NY, Binghamton-NY, Sacramento-Arden-Arcade-Roseville-CA, and San-Luis-Obispo-Paso-Robles-CA .

  1. Riverside-San-Bernardino-Ontario-CA decreased by - 16.09% between 1992 and 1995
  2. Kingston-NY decreased by - 12.31% between 1992 and 1995
  3. Binghamton-NY decreased by - 11.63% between 1992 and 1995
  4. Sacramento-Arden-Arcade-Roseville-CA decreased by - 11.36% between 1992 and 1995
  5. San-Luis-Obispo-Paso-Robles-CA decreased by - 10.33% between 1992 and 1995

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 .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. 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 .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 79759 - NOTREES, TX

MSA Pop: 122692
Zip Pop: 20
Avg Value: 9999
County: ECTOR
Elev: 2890
Region: South
Lat: 31.917222
Long: -102.755278