Real Estate Appreciation for Odessa, Texas: + 8.05%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Odessa, Texas did compared to the state as a whole.
The Odessa, Texas MSA property value change was + 8.05% (+ 2.01% yearly).
All of the property in TX averaged + 14.23% change in value (+ 3.56% yearly).
Odessa-TX
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 103.95 | + 4.71% | + 18.86% |
| 1998 | 2 | 105.55 | + 1.54% | + 6.16% |
| 1998 | 3 | 108.15 | + 2.46% | + 9.85% |
| 1998 | 4 | 108.05 | - 0.09% | - 0.37% |
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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 $93,000.00 in 1995, you could multiply by + 8.05%, add the gain and see the home should be worth $100,486.50 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Odessa-TX from 1995 to 1998:
+ 2.01%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .
- Honolulu-HI decreased by - 13.12% between 1995 and 1998
- Utica-Rome-NY only increased + 0.14% between 1995 and 1998
- Madera-CA only increased + 2.89% between 1995 and 1998
- Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
- Redding-CA only increased + 4.10% between 1995 and 1998
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