Real Estate Appreciation for Worcester, Massachusettes: +108.60%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Worcester, Massachusettes MSA appreciated +108.60% (+ 27.15% yearly) between 1983 and the end of 1986.
The state of MA had +114.04% total appreciation (+ 28.51% yearly).
The state average for Massachusettes was higher than the real estate appreciation in the Worcester, Massachusettes MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 5.01% faster than this MSA.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1985 | 1 | 70.23 | + 5.80% | + 23.20% |
| 1985 | 2 | 76.12 | + 8.39% | + 33.55% |
| 1985 | 3 | 79.37 | + 4.27% | + 17.08% |
| 1985 | 4 | 85.39 | + 7.58% | + 30.34% |
| 1986 | 1 | 89.4 | + 4.70% | + 18.78% |
| 1986 | 2 | 95.07 | + 6.34% | + 25.37% |
| 1986 | 3 | 100.1 | + 5.29% | + 21.16% |
| 1986 | 4 | 102.86 | + 2.76% | + 11.03% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $69,000.00 in 1983, you could multiply by +108.60%, add the gain and see the home should be worth $143,933.08 in 1986. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1983 to 1986:
+ 27.15%
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