Real Estate Appreciation for Springfield, Massachusettes: + 49.36%
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: + 49.36%
- State of MA: + 87.87%
- Difference: - 43.83%
Springfield-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 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 $101,000.00 in 1998, you could multiply by + 49.36%, add the gain and see the home should be worth $150,850.11 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1998 to 2003:
+ 8.23%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Anchorage-AK lost - 33.17% from 1984 thru 1989
- Midland-TX lost - 31.15% from 1982 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