Real Estate Appreciation for Worcester, Massachusettes: +118.36%
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 +118.36% (+ 9.10% yearly) for the Worcester, Massachusettes MSA.
The entire state of MA had +137.73% appreciation (+ 10.59% 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 + 16.37%.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
1992-1995 Quarterly Detailed Appreciation
Lets look at Athol, Massachusettes, a city located in Worcester, Massachusettes MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Athol, Massachusettes Refinance, or Athol, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Athol, Massachusettes home was worth $96,000.00 in 1992, you could multiply by +118.36%, add the gain and see the home should be worth $209,626.65 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1992 to 2004:
+ 9.10%
Appreciation Comparisons
The worst 5 MSAs from 1992 to 2004 were Binghamton-NY, Rochester-NY, Utica-Rome-NY, Syracuse-NY, and Buffalo-Niagara-Falls-NY .
- Binghamton-NY only increased + 14.08% between 1992 and 2004
- Rochester-NY only increased + 26.77% between 1992 and 2004
- Utica-Rome-NY only increased + 29.13% between 1992 and 2004
- Syracuse-NY only increased + 31.10% between 1992 and 2004
- Buffalo-Niagara-Falls-NY only increased + 31.46% between 1992 and 2004
For a 13 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Honolulu-HI, and Santa-Rosa-Petaluma-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +365.89% from 1977 thru 1989
- San-Jose-Sunnyvale-Santa-Clara-CA increased +354.74% from 1976 thru 1988
- Oxnard-Thousand-Oaks-Ventura-CA increased +346.24% from 1977 thru 1989
- Honolulu-HI increased +322.63% from 1978 thru 1990
- Santa-Rosa-Petaluma-CA increased +285.59% from 1977 thru 1989
The worst perfoming MSAs ever for a 13 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Odessa-TX .
- Midland-TX lost - 29.46% from 1982 to 1994
- Midland-TX lost - 24.49% from 1983 thru 1995
- Midland-TX lost - 18.51% from 1984 thru 1996
- Odessa-TX lost - 15.99% from 1984 thru 1996
- Odessa-TX lost - 10.08% from 1985 thru 1997
Zip Code in MSA: 1331 - ATHOL, MA
MSA Pop: 776610Zip Pop: 12922
Avg Value: 89800
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.587233
Long: -72.225981