Real Estate Appreciation for Springfield, Massachusettes: + 10.63%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Springfield, Massachusettes did compared to the state as a whole.
The Springfield, Massachusettes MSA property value change was + 10.63% (+ 2.66% yearly).
All of the property in MA averaged + 22.06% change in value (+ 5.51% yearly).
Springfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 101.13 | + 1.13% | + 4.52% |
| 1995 | 3 | 103.69 | + 2.53% | + 10.13% |
| 1995 | 4 | 103.85 | + 0.15% | + 0.62% |
| 1996 | 1 | 105.07 | + 1.17% | + 4.70% |
| 1996 | 2 | 103.54 | - 1.46% | - 5.82% |
| 1996 | 3 | 101.91 | - 1.57% | - 6.30% |
| 1996 | 4 | 102.92 | + 0.99% | + 3.96% |
| 1997 | 1 | 103.75 | + 0.81% | + 3.23% |
| 1997 | 2 | 105.04 | + 1.24% | + 4.97% |
| 1997 | 3 | 104.68 | - 0.34% | - 1.37% |
| 1997 | 4 | 106.01 | + 1.27% | + 5.08% |
| 1998 | 1 | 108.01 | + 1.89% | + 7.55% |
| 1998 | 2 | 108.61 | + 0.56% | + 2.22% |
| 1998 | 3 | 109.89 | + 1.18% | + 4.71% |
| 1998 | 4 | 110.63 | + 0.67% | + 2.69% |
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 $93,000.00 in 1995, you could multiply by + 10.63%, add the gain and see the home should be worth $102,885.90 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1995 to 1998:
+ 2.66%
Appreciation Comparisons
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