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 +136.48% (+ 22.75% yearly) between 1983 and the end of 1988.

The state of MA had +142.70% total appreciation (+ 23.78% 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 + 4.55% faster than this MSA.

Worcester-MA

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1985-1988 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 $71,000.00 in 1983, you could multiply by +136.48%, add the gain and see the home should be worth $167,903.27 in 1988. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 1983 to 1988:
+ 22.75%

Appreciation Comparisons

The top 5 performing MSAs from 1983 to 1988 were Providence-New-Bedford-Fall-River-RI-MA, Springfield-MA, New-Haven-Milford-CT, Worcester-MA, and Poughkeepsie-Newburgh-Middletown-NY .

  1. Providence-New-Bedford-Fall-River-RI-MA increased +149.30% from 1983 to the end of 1988
  2. Springfield-MA increased +142.96% from 1983 to the end of 1988
  3. New-Haven-Milford-CT increased +138.44% from 1983 to the end of 1988
  4. Worcester-MA increased +136.48% from 1983 to the end of 1988
  5. Poughkeepsie-Newburgh-Middletown-NY increased +132.57% from 1983 to the end of 1988

In contrast, the worst 5 MSAs from 1983 to 1988 were Lafayette-LA, Casper-WY, Midland-TX, Grand-Junction-CO, and Oklahoma-City-OK .

  1. Lafayette-LA decreased by - 42.13% between 1983 and 1988
  2. Casper-WY decreased by - 37.50% between 1983 and 1988
  3. Midland-TX decreased by - 29.43% between 1983 and 1988
  4. Grand-Junction-CO decreased by - 26.42% between 1983 and 1988
  5. Oklahoma-City-OK decreased by - 23.01% between 1983 and 1988

Zip Code in MSA: 1068 - OAKHAM, MA

MSA Pop: 776610
Zip Pop: 1716
Avg Value: 150600
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.34393
Long: -72.047392