Real Estate Appreciation for Worcester, Massachusettes: + 23.54%
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 + 23.54% (+ 2.94% yearly) for the Worcester, Massachusettes MSA.
The entire state of MA had + 35.86% appreciation (+ 4.48% 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 by + 52.36%.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Warren, 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 Warren, Massachusettes check out Spec-Loan.com
If you were going to do a Warren, Massachusettes Refinance, or Warren, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Warren, Massachusettes home was worth $91,000.00 in 1992, you could multiply by + 23.54%, add the gain and see the home should be worth $112,421.50 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1992 to 1999:
+ 2.94%
Appreciation Comparisons
For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .
- Salinas-CA increased +233.30% from 1998 thru 2005
- Springfield-MA increased +225.43% from 1981 thru 1988
- Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
- Salinas-CA increased +204.52% from 1999 thru 2006
- Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 1083 - WARREN, MA
MSA Pop: 776610Zip Pop: 2285
Avg Value: 111700
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.210107
Long: -72.195675