Real Estate Appreciation for Worcester, Massachusettes: + 3.16%
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 + 3.16% (+ 0.79% yearly) between 1993 and the end of 1996.
The state of MA had + 7.65% total appreciation (+ 1.91% 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 +142.21% faster than this MSA.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 102.76 | + 0.13% | + 0.51% |
| 1993 | 3 | 103.01 | + 0.24% | + 0.97% |
| 1993 | 4 | 103.68 | + 0.65% | + 2.60% |
| 1994 | 1 | 103.26 | - 0.41% | - 1.62% |
| 1994 | 2 | 101.62 | - 1.59% | - 6.35% |
| 1994 | 3 | 100.31 | - 1.29% | - 5.16% |
| 1994 | 4 | 100.06 | - 0.25% | - 1.00% |
| 1995 | 1 | 100 | - 0.06% | - 0.24% |
| 1995 | 2 | 101.71 | + 1.71% | + 6.84% |
| 1995 | 3 | 103.37 | + 1.63% | + 6.53% |
| 1995 | 4 | 103.72 | + 0.34% | + 1.35% |
| 1996 | 1 | 104.7 | + 0.94% | + 3.78% |
| 1996 | 2 | 105.25 | + 0.53% | + 2.10% |
| 1996 | 3 | 104.85 | - 0.38% | - 1.52% |
| 1996 | 4 | 105.87 | + 0.97% | + 3.89% |
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Gilbertville, 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 Gilbertville, Massachusettes check out Spec-Loan.com
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 $89,000.00 in 1993, you could multiply by + 3.16%, add the gain and see the home should be worth $91,809.70 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1993 to 1996:
+ 0.79%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
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