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 + 8.21% (+ 1.64% yearly) between 1993 and the end of 1997.

The state of MA had + 13.65% total appreciation (+ 2.73% 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 + 66.12% faster than this MSA.

Worcester-MA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1994-1997 Quarterly Detailed Appreciation


Some of the ways peope use our appreciation data for Worcester, Massachusettes include real estate investment .

Lets look at Hardwick, Massachusettes, a city located in Worcester, Massachusettes MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Massachusettes check out Spec-Loan.com

If you were going to do a Hardwick, Massachusettes Refinance, or Hardwick, Massachusettes Reverse Mortgages, you could estimate your home value.

If you knew your Hardwick, Massachusettes home was worth $90,000.00 in 1993, you could multiply by + 8.21%, add the gain and see the home should be worth $97,392.58 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 1993 to 1997:
+ 1.64%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1993 to 1997 were Honolulu-HI, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, Binghamton-NY, and Kingston-NY .

  1. Honolulu-HI decreased by - 13.29% between 1993 and 1997
  2. Riverside-San-Bernardino-Ontario-CA decreased by - 12.51% between 1993 and 1997
  3. Utica-Rome-NY decreased by - 11.75% between 1993 and 1997
  4. Binghamton-NY decreased by - 11.36% between 1993 and 1997
  5. Kingston-NY decreased by - 7.89% between 1993 and 1997

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

Zip Code in MSA: 1037 - HARDWICK, MA

MSA Pop: 776610
Zip Pop: 710
Avg Value: 175000
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.34998
Long: -72.19998