Real Estate Appreciation for Providence New Bedford Fall River, Rhode Island, Massachusettes: + 7.11%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Providence New Bedford Fall River, Rhode Island, Massachusettes did compared to the state as a whole.
The Providence New Bedford Fall River, Rhode Island, Massachusettes MSA property value change was + 7.11% (+ 3.55% yearly).
All of the property in RI averaged + 6.16% change in value (+ 3.08% yearly).
Providence-New-Bedford-Fall-River-RI-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 103.92 | - 0.17% | - 0.69% |
| 1997 | 3 | 105.62 | + 1.64% | + 6.54% |
| 1997 | 4 | 107.11 | + 1.41% | + 5.64% |
| 1998 | 1 | 108.62 | + 1.41% | + 5.64% |
| 1998 | 2 | 108.91 | + 0.27% | + 1.07% |
| 1998 | 3 | 110.2 | + 1.18% | + 4.74% |
| 1998 | 4 | 111.5 | + 1.18% | + 4.72% |
Some of the ways peope use our appreciation data for Providence New Bedford Fall River, Rhode Island, Massachusettes include real estate investment .
Lets look at East Mansfield, Rhode Island, a city located in Providence New Bedford Fall River, Rhode Island, Massachusettes MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Rhode Island check out Spec-Loan.com
If you were going to do a East Mansfield, Rhode Island Refinance, or East Mansfield, Rhode Island Reverse Mortgages, you could estimate your home value.
If you knew your East Mansfield, Rhode Island home was worth $95,000.00 in 1997, you could multiply by + 7.11%, add the gain and see the home should be worth $101,753.12 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Providence-New-Bedford-Fall-River-RI-MA from 1997 to 1998:
+ 3.55%
Appreciation Comparisons
The worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .
- Honolulu-HI decreased by - 3.48% between 1997 and 1998
- Williamsport-PA decreased by - 0.05% between 1997 and 1998
- Ithaca-NY only increased + 1.04% between 1997 and 1998
- Utica-Rome-NY only increased + 1.56% between 1997 and 1998
- Pittsfield-MA only increased + 2.16% between 1997 and 1998
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 2031 - EAST MANSFIELD, MA
MSA Pop: 1623172Zip Pop: 0
Avg Value: 0
County: BRISTOL
Elev: 30
Region: Northeast
Lat: 42.014266
Long: -71.185433