Real Estate Appreciation for Springfield, Massachusettes: + 47.99%
Appreciation for MSAs:.
Let's start by comparing Springfield, 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 + 47.99% (+ 12.00% yearly) for the Springfield, Massachusettes MSA.
The entire state of MA had + 88.20% appreciation (+ 22.05% yearly).
The state average for Massachusettes was higher than the real estate appreciation in the Springfield, Massachusettes MSA. This means the conditions in the MSA for real estate investment were worse by + 83.81%.
Springfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1985 | 1 | 62.33 | + 4.44% | + 17.76% |
| 1985 | 2 | 65.56 | + 5.18% | + 20.73% |
| 1985 | 3 | 67.88 | + 3.54% | + 14.15% |
| 1985 | 4 | 71.27 | + 4.99% | + 19.98% |
There are a lot of ways to use the appreciation data for Springfield, Massachusettes .
Lets look at Amherst, Massachusettes, a city located in Springfield, Massachusettes 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 Amherst, 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 $67,000.00 in 1982, you could multiply by + 47.99%, add the gain and see the home should be worth $99,150.54 in 1985. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1982 to 1985:
+ 12.00%
Appreciation Comparisons
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
The top 5 performing MSAs from 1982 to 1985 were Worcester-MA, Providence-New-Bedford-Fall-River-RI-MA, Bridgeport-Stamford-Norwalk-CT, Rochester-NY, and Albany-Schenectady-Troy-NY .
- Worcester-MA increased + 98.26% from 1982 to the end of 1985
- Providence-New-Bedford-Fall-River-RI-MA increased + 66.81% from 1982 to the end of 1985
- Bridgeport-Stamford-Norwalk-CT increased + 59.86% from 1982 to the end of 1985
- Rochester-NY increased + 51.29% from 1982 to the end of 1985
- Albany-Schenectady-Troy-NY increased + 40.44% from 1982 to the end of 1985
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