Real Estate Appreciation for Worcester, Massachusettes: + 54.77%
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 Worcester, Massachusettes MSA appreciated + 54.77% (+ 13.69% yearly) for the period between 1981 and the end of 1984.
The state had + 59.72% total appreciation (+ 14.93% yearly).
The state average for Massachusettes was higher than the real estate appreciation in the Worcester, 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 + 9.04% faster than this MSA.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1984 | 1 | 59.6 | + 7.87% | + 31.49% |
| 1984 | 2 | 61.39 | + 3.00% | + 12.01% |
| 1984 | 3 | 63.73 | + 3.81% | + 15.25% |
| 1984 | 4 | 66.38 | + 4.16% | + 16.63% |
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Gilbertville, Massachusettes, a city located in Worcester, 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 Gilbertville, Massachusettes 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 $65,000.00 in 1981, you could multiply by + 54.77%, add the gain and see the home should be worth $100,599.21 in 1984. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1981 to 1984:
+ 13.69%
Appreciation Comparisons
The top 5 performing MSAs from 1981 to 1984 were Springfield-MA, Worcester-MA, Austin-Round-Rock-TX, Providence-New-Bedford-Fall-River-RI-MA, and Bridgeport-Stamford-Norwalk-CT .
- Springfield-MA increased + 67.12% from 1981 to the end of 1984
- Worcester-MA increased + 54.77% from 1981 to the end of 1984
- Austin-Round-Rock-TX increased + 44.49% from 1981 to the end of 1984
- Providence-New-Bedford-Fall-River-RI-MA increased + 43.72% from 1981 to the end of 1984
- Bridgeport-Stamford-Norwalk-CT increased + 42.76% from 1981 to the end of 1984
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