Real Estate Appreciation for Springfield, Massachusettes: + 45.83%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Springfield, Massachusettes: + 45.83%
- State of MA: + 26.76%
- Difference: + 71.27%
Springfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1986 | 2 | 77.09 | + 5.29% | + 21.14% |
| 1986 | 3 | 81.83 | + 6.15% | + 24.59% |
| 1986 | 4 | 88 | + 7.54% | + 30.16% |
| 1987 | 1 | 92.61 | + 5.24% | + 20.95% |
| 1987 | 2 | 96.77 | + 4.49% | + 17.97% |
| 1987 | 3 | 104.64 | + 8.13% | + 32.53% |
| 1987 | 4 | 106.78 | + 2.05% | + 8.18% |
Lets look at Agawam, Massachusettes, a city located in Springfield, 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 Agawam, Massachusettes Refinance, or Agawam, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Agawam, Massachusettes home was worth $73,000.00 in 1986, you could multiply by + 45.83%, add the gain and see the home should be worth $106,459.16 in 1987. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1986 to 1987:
+ 22.92%
Appreciation Comparisons
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
Zip Code in MSA: 1001 - AGAWAM, MA
MSA Pop: 688495Zip Pop: 16576
Avg Value: 121900
County: HAMPDEN
Elev: 70
Region: Northeast
Lat: 42.070743
Long: -72.625036