Real Estate Appreciation for Worcester, Massachusettes: +164.50%
Appreciation for MSAs:.
Let's start by comparing Worcester, Massachusettes to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of +164.50% (+ 27.42% yearly) for the Worcester, Massachusettes MSA.
The entire state of MA had +148.10% appreciation (+ 24.68% yearly).
The Worcester, Massachusettes MSA beat out the state. by + 11.07% appreciation.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1984-1987 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Oakham, 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 Oakham, Massachusettes check out Spec-Loan.com
If you were going to do a Oakham, Massachusettes Refinance, or Oakham, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Oakham, Massachusettes home was worth $69,000.00 in 1982, you could multiply by +164.50%, add the gain and see the home should be worth $182,504.76 in 1987. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1982 to 1987:
+ 27.42%
Appreciation Comparisons
For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .
- Merced-CA increased +172.57% from 2000 thru 2005
- Modesto-CA increased +166.23% from 2000 thru 2005
- Worcester-MA increased +164.50% from 1982 thru 1987
- Yuba-City-CA increased +164.17% from 2000 thru 2005
- San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981
The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .
- Lafayette-LA lost - 42.13% from 1983 to 1988
- Lafayette-LA lost - 37.78% from 1982 thru 1987
- Casper-WY lost - 37.50% from 1983 thru 1988
- Anchorage-AK lost - 33.17% from 1984 thru 1989
- Midland-TX lost - 31.15% from 1982 thru 1987
Zip Code in MSA: 1068 - OAKHAM, MA
MSA Pop: 776610Zip Pop: 1716
Avg Value: 150600
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.34393
Long: -72.047392