Real Estate Appreciation for Springfield, Massachusettes: +145.68%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Springfield, Massachusettes MSA appreciated +145.68% (+ 20.81% yearly) between 1983 and the end of 1989.
The state of MA had +143.30% total appreciation (+ 20.47% yearly).
The Springfield, Massachusettes MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 1.66% faster than the state as a whole.
Springfield-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1986-1989 Quarterly Detailed Appreciation
1983-1986 Quarterly Detailed Appreciation
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 $72,000.00 in 1983, you could multiply by +145.68%, add the gain and see the home should be worth $176,891.49 in 1989. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1983 to 1989:
+ 20.81%
Appreciation Comparisons
The worst perfoming MSAs ever for a 7 year period, were Lafayette-LA, Casper-WY, Midland-TX, Lafayette-LA, and Midland-TX .
- Lafayette-LA lost - 40.40% from 1982 to 1988
- Casper-WY lost - 35.78% from 1983 thru 1989
- Midland-TX lost - 32.81% from 1983 thru 1989
- Lafayette-LA lost - 32.70% from 1983 thru 1989
- Midland-TX lost - 31.48% from 1982 thru 1988
The top 5 performing MSAs from 1983 to 1989 were Providence-New-Bedford-Fall-River-RI-MA, Springfield-MA, Worcester-MA, Albany-Schenectady-Troy-NY, and New-Haven-Milford-CT .
- Providence-New-Bedford-Fall-River-RI-MA increased +157.69% from 1983 to the end of 1989
- Springfield-MA increased +145.68% from 1983 to the end of 1989
- Worcester-MA increased +137.74% from 1983 to the end of 1989
- Albany-Schenectady-Troy-NY increased +134.22% from 1983 to the end of 1989
- New-Haven-Milford-CT increased +132.74% from 1983 to the end of 1989
Zip Code in MSA: 1003 - AMHERST, MA
MSA Pop: 688495Zip Pop: 0
Avg Value: 0
County: HAMPSHIRE
Elev: 140
Region: Northeast
Lat: 42.403878
Long: -72.52994