Real Estate Appreciation for Odessa, Texas: + 7.57%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Odessa, Texas MSA appreciated + 7.57% (+ 1.89% yearly) between 1993 and the end of 1996.
The state of TX had + 8.49% total appreciation (+ 2.12% 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 than the state as a whole. The state appreaciated + 12.21% faster than this MSA.
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1996 | 1 | 99.66 | + 0.55% | + 2.22% |
| 1996 | 2 | 101.26 | + 1.61% | + 6.42% |
| 1996 | 3 | 105.11 | + 3.80% | + 15.21% |
| 1996 | 4 | 100.79 | - 4.11% | - 16.44% |
There are a lot of ways to use the appreciation data for Odessa, Texas .
Lets look at Notrees, Texas, a city located in Odessa, Texas MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Notrees, 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 $89,000.00 in 1993, you could multiply by + 7.57%, add the gain and see the home should be worth $95,734.36 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1993 to 1996:
+ 1.89%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
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