Real Estate Appreciation for Worcester, Massachusettes: + 40.47%
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 + 40.47% (+ 4.50% yearly) for the Worcester, Massachusettes MSA.
The entire state of MA had + 55.20% appreciation (+ 6.13% 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 + 36.37%.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at West 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 West Warren, 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 $92,000.00 in 1992, you could multiply by + 40.47%, add the gain and see the home should be worth $129,236.84 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1992 to 2000:
+ 4.50%
Appreciation Comparisons
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
The top 5 performing MSAs from 1992 to 2000 were Boulder-CO, Denver-Aurora-CO, Fort-Collins-Loveland-CO, Greeley-CO, and Salt-Lake-City-UT .
- Boulder-CO increased +120.26% from 1992 to the end of 2000
- Denver-Aurora-CO increased +108.38% from 1992 to the end of 2000
- Fort-Collins-Loveland-CO increased +100.33% from 1992 to the end of 2000
- Greeley-CO increased + 94.91% from 1992 to the end of 2000
- Salt-Lake-City-UT increased + 92.72% from 1992 to the end of 2000
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