Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Springfield, Massachusettes MSA appreciated + 65.56% (+ 10.93% yearly) for the period between 1999 and the end of 2004.

The state had + 92.52% total appreciation (+ 15.42% yearly). The state average for Massachusettes was higher than the real estate appreciation in the Springfield, Massachusettes MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 41.12% faster than this MSA.

Springfield-MA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 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 $103,000.00 in 1999, you could multiply by + 65.56%, add the gain and see the home should be worth $170,531.40 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-MA from 1999 to 2004:
+ 10.93%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Anchorage-AK lost - 33.17% from 1984 thru 1989
  2. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 1002 - AMHERST, MA

MSA Pop: 688495
Zip Pop: 36794
Avg Value: 177600
County: HAMPSHIRE
Elev: 140
Region: Northeast
Lat: 42.37686
Long: -72.46914