Real Estate Appreciation for Worcester, Massachusettes: + 43.13%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Worcester, Massachusettes MSA appreciation it was + 43.13% (+ 10.78% yearly) from 1980 to 1983.
During the same time period, MA had + 48.19% (+ 12.05% yearly).
From 1980 to 1983, Massachusettes outperformed the individual Worcester, Massachusettes MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1980 | 2 | 39.96 | + 3.52% | + 14.09% |
| 1980 | 3 | 42.26 | + 5.76% | + 23.02% |
| 1980 | 4 | 43.52 | + 2.98% | + 11.93% |
| 1981 | 1 | 42.89 | - 1.45% | - 5.79% |
| 1981 | 2 | 43.7 | + 1.89% | + 7.55% |
| 1981 | 3 | 44.84 | + 2.61% | + 10.43% |
| 1981 | 4 | 46.18 | + 2.99% | + 11.95% |
| 1982 | 1 | 43.07 | - 6.73% | - 26.94% |
| 1982 | 2 | 46.48 | + 7.92% | + 31.67% |
| 1982 | 3 | 48.56 | + 4.48% | + 17.90% |
| 1982 | 4 | 49.96 | + 2.88% | + 11.53% |
| 1983 | 1 | 49.31 | - 1.30% | - 5.20% |
| 1983 | 2 | 51.1 | + 3.63% | + 14.52% |
| 1983 | 3 | 53.92 | + 5.52% | + 22.07% |
| 1983 | 4 | 55.25 | + 2.47% | + 9.87% |
Lets look at Gilbertville, Massachusettes, a city located in Worcester, 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 Gilbertville, Massachusettes Refinance, or Gilbertville, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Gilbertville, Massachusettes home was worth $63,000.00 in 1980, you could multiply by + 43.13%, add the gain and see the home should be worth $90,174.87 in 1983. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1980 to 1983:
+ 10.78%
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
Zip Code in MSA: 1031 - GILBERTVILLE, MA
MSA Pop: 776610Zip Pop: 1263
Avg Value: 116500
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.33426
Long: -72.17604