Real Estate Appreciation for Odessa, Texas: + 1.48%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Odessa, Texas MSA appreciation it was + 1.48% (+ 0.37% yearly) from 1994 to 1997.
During the same time period, TX had + 8.47% (+ 2.12% yearly).
From 1994 to 1997, Texas outperformed the individual Odessa, Texas MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1997 | 1 | 98.81 | - 1.96% | - 7.86% |
| 1997 | 2 | 102.65 | + 3.89% | + 15.54% |
| 1997 | 3 | 106.7 | + 3.95% | + 15.78% |
| 1997 | 4 | 99.27 | - 6.96% | - 27.85% |
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 $91,000.00 in 1994, you could multiply by + 1.48%, add the gain and see the home should be worth $92,348.91 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1994 to 1997:
+ 0.37%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1997 were Ogden-Clearfield-UT, Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, and Portland-Vancouver-Beaverton-OR-WA .
- Ogden-Clearfield-UT increased + 41.78% from 1994 to the end of 1997
- Salt-Lake-City-UT increased + 41.49% from 1994 to the end of 1997
- Provo-Orem-UT increased + 38.70% from 1994 to the end of 1997
- Logan-UT-ID increased + 35.30% from 1994 to the end of 1997
- Portland-Vancouver-Beaverton-OR-WA increased + 34.77% from 1994 to the end of 1997
In contrast, the worst 5 MSAs from 1994 to 1997 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, and Kingston-NY .
- Honolulu-HI decreased by - 14.47% between 1994 and 1997
- Utica-Rome-NY decreased by - 12.23% between 1994 and 1997
- Binghamton-NY decreased by - 9.70% between 1994 and 1997
- Riverside-San-Bernardino-Ontario-CA decreased by - 8.40% between 1994 and 1997
- Kingston-NY decreased by - 6.47% between 1994 and 1997
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