Appreciation for MSAs:.

Let's start by comparing Pittsfield, Massachusettes 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 + 34.32% (+ 11.44% yearly) for the Pittsfield, Massachusettes MSA.

The entire state of MA had + 33.27% appreciation (+ 11.09% yearly). The Pittsfield, Massachusettes MSA beat out the state. by + 3.15% appreciation.

Pittsfield-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 141.39 + 2.26% + 9.06%
2002 3 147.19 + 4.10% + 16.41%
2002 4 149.43 + 1.52% + 6.09%
2003 1 152.55 + 2.09% + 8.35%
2003 2 152.92 + 0.24% + 0.97%
2003 3 158.41 + 3.59% + 14.36%
2003 4 165.83 + 4.68% + 18.74%
2004 1 166.79 + 0.58% + 2.32%
2004 2 171.85 + 3.03% + 12.14%
2004 3 177.14 + 3.08% + 12.31%
2004 4 185.71 + 4.84% + 19.35%


Lets look at East Otis, Massachusettes, a city located in Pittsfield, Massachusettes MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

If you were going to do a East Otis, Massachusettes Refinance, or East Otis, Massachusettes Reverse Mortgages, you could estimate your home value.

If you knew your East Otis, Massachusettes home was worth $106,000.00 in 2002, you could multiply by + 34.32%, add the gain and see the home should be worth $142,378.56 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Pittsfield-MA from 2002 to 2004:
+ 11.44%

Appreciation Comparisons

The top 5 performing MSAs from 2002 to 2004 were Riverside-San-Bernardino-Ontario-CA, Fresno-CA, Madera-CA, Yuba-City-CA, and Bakersfield-CA .

  1. Riverside-San-Bernardino-Ontario-CA increased + 73.90% from 2002 to the end of 2004
  2. Fresno-CA increased + 73.13% from 2002 to the end of 2004
  3. Madera-CA increased + 71.44% from 2002 to the end of 2004
  4. Yuba-City-CA increased + 68.71% from 2002 to the end of 2004
  5. Bakersfield-CA increased + 67.56% from 2002 to the end of 2004

In contrast, the worst 5 MSAs from 2002 to 2004 were Jackson-TN, Ogden-Clearfield-UT, Austin-Round-Rock-TX, Lafayette-IN, and Burlington-NC .

  1. Jackson-TN only increased + 4.30% between 2002 and 2004
  2. Ogden-Clearfield-UT only increased + 4.40% between 2002 and 2004
  3. Austin-Round-Rock-TX only increased + 4.43% between 2002 and 2004
  4. Lafayette-IN only increased + 4.95% between 2002 and 2004
  5. Burlington-NC only increased + 5.39% between 2002 and 2004

Zip Code in MSA: 1029 - EAST OTIS, MA

MSA Pop: 133310
Zip Pop: 572
Avg Value: 139300
County: BERKSHIRE
Elev: 1039
Region: Northeast
Lat: 42.158401
Long: -73.042901