Real Estate Appreciation for Springfield, Massachusettes: + 67.12%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Springfield, Massachusettes MSA appreciated + 67.12% (+ 16.78% yearly) for the period between 1981 and the end of 1984.
The state had + 59.72% total appreciation (+ 14.93% yearly).
The Springfield, Massachusettes MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Springfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1981 | 2 | 38.75 | + 8.51% | + 34.05% |
| 1981 | 3 | 43.06 | + 11.12% | + 44.49% |
| 1981 | 4 | 45.06 | + 4.64% | + 18.58% |
| 1982 | 2 | 48.16 | + 6.88% | + 27.52% |
| 1982 | 3 | 47.21 | - 1.97% | - 7.89% |
| 1982 | 4 | 45.94 | - 2.69% | - 10.76% |
| 1983 | 1 | 47.83 | + 4.11% | + 16.46% |
| 1983 | 2 | 49.1 | + 2.66% | + 10.62% |
| 1983 | 3 | 50.89 | + 3.65% | + 14.58% |
| 1983 | 4 | 51.36 | + 0.92% | + 3.69% |
| 1984 | 1 | 54.63 | + 6.37% | + 25.47% |
| 1984 | 2 | 56.77 | + 3.92% | + 15.67% |
| 1984 | 3 | 58.38 | + 2.84% | + 11.34% |
| 1984 | 4 | 59.68 | + 2.23% | + 8.91% |
Some of the ways peope use our appreciation data for Springfield, Massachusettes include real estate investment .
Lets look at Amherst, Massachusettes, a city located in Springfield, 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 Massachusettes check out Spec-Loan.com
If you were going to do a Amherst, Massachusettes Refinance, or Amherst, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Amherst, Massachusettes home was worth $65,000.00 in 1981, you could multiply by + 67.12%, add the gain and see the home should be worth $108,630.64 in 1984. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1981 to 1984:
+ 16.78%
Appreciation Comparisons
The worst 5 MSAs from 1981 to 1984 were Toledo-OH, Eugene-Springfield-OR, Ann-Arbor-MI, Redding-CA, and Longview-WA .
- Toledo-OH decreased by - 8.81% between 1981 and 1984
- Eugene-Springfield-OR decreased by - 7.27% between 1981 and 1984
- Ann-Arbor-MI decreased by - 7.13% between 1981 and 1984
- Redding-CA decreased by - 4.96% between 1981 and 1984
- Longview-WA decreased by - 4.70% between 1981 and 1984
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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: 1002 - AMHERST, MA
MSA Pop: 688495Zip Pop: 36794
Avg Value: 177600
County: HAMPSHIRE
Elev: 140
Region: Northeast
Lat: 42.37686
Long: -72.46914