Real Estate Appreciation for Worcester, Massachusettes: +146.58%
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 +146.58% (+ 16.29% yearly) for the Worcester, Massachusettes MSA.
The entire state of MA had +136.33% appreciation (+ 15.15% yearly).
The Worcester, Massachusettes MSA beat out the state. by + 7.51% appreciation.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1987-1990 Quarterly Detailed Appreciation
1984-1987 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Worcester, Massachusettes include real estate investment .
Lets look at West Warren, Massachusettes, a city located in Worcester, 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 West Warren, Massachusettes Refinance, or West Warren, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your West Warren, Massachusettes home was worth $72,000.00 in 1982, you could multiply by +146.58%, add the gain and see the home should be worth $177,534.25 in 1990. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1982 to 1990:
+ 16.29%
Appreciation Comparisons
The worst 5 MSAs from 1982 to 1990 were Midland-TX, Lafayette-LA, San-Antonio-TX, Oklahoma-City-OK, and Grand-Junction-CO .
- Midland-TX decreased by - 34.76% between 1982 and 1990
- Lafayette-LA decreased by - 26.59% between 1982 and 1990
- San-Antonio-TX decreased by - 16.72% between 1982 and 1990
- Oklahoma-City-OK decreased by - 15.16% between 1982 and 1990
- Grand-Junction-CO decreased by - 14.93% between 1982 and 1990
For a 9 year period, the top 5 performing MSAs of all time are Salinas-CA, Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, and San-Diego-Carlsbad-San-Marcos-CA .
- Salinas-CA increased +251.65% from 1997 thru 2005
- Salinas-CA increased +229.40% from 1998 thru 2006
- Springfield-MA increased +229.07% from 1981 thru 1989
- Naples-Marco-Island-FL increased +227.32% from 1998 thru 2006
- San-Diego-Carlsbad-San-Marcos-CA increased +218.50% from 1997 thru 2005
The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .
- Midland-TX lost - 34.76% from 1982 to 1990
- Midland-TX lost - 32.77% from 1983 thru 1991
- Lafayette-LA lost - 26.59% from 1982 thru 1990
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
Zip Code in MSA: 1092 - WEST WARREN, MA
MSA Pop: 776610Zip Pop: 1087
Avg Value: 112600
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.2125
Long: -72.191667