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 + 23.16% (+ 11.58% yearly) from 2004 to 2005.

During the same time period, TX had + 9.00% (+ 4.50% yearly). You can see that the Odessa, Texas MSA experienced higher appreciation in this case.

Odessa-TX

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2004 2 121.57 + 0.46% + 1.85%
2004 3 127.52 + 4.89% + 19.58%
2004 4 130.48 + 2.32% + 9.28%
2005 1 130.15 - 0.25% - 1.01%
2005 2 134.29 + 3.18% + 12.72%
2005 3 138.26 + 2.96% + 11.83%
2005 4 149.03 + 7.79% + 31.16%


There are a lot of ways to use the appreciation data for Odessa, Texas .

Lets look at Goldsmith, 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 Goldsmith, Texas check out Spec-Loan.com

If you were going to do a Goldsmith, Texas Refinance, or Goldsmith, Texas Reverse Mortgages, you could estimate your home value.

If you knew your Goldsmith, Texas home was worth $109,000.00 in 2004, you could multiply by + 23.16%, add the gain and see the home should be worth $134,239.07 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Odessa-TX from 2004 to 2005:
+ 11.58%

Appreciation Comparisons

The top 5 performing MSAs from 2004 to 2005 were Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 to the end of 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
  3. Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005

Zip Code in MSA: 79741 - GOLDSMITH, TX

MSA Pop: 122692
Zip Pop: 281
Avg Value: 29300
County: ECTOR
Elev: 2890
Region: South
Lat: 31.981519
Long: -102.61452