Real Estate Appreciation for Springfield, Massachusettes: + 14.11%
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 + 14.11% (+ 2.82% yearly).
All of the property in MA averaged + 37.03% change in value (+ 7.41% yearly).
Springfield-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1996-1999 Quarterly Detailed Appreciation
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 $94,000.00 in 1995, you could multiply by + 14.11%, add the gain and see the home should be worth $107,263.40 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1995 to 1999:
+ 2.82%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
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