Real Estate Appreciation for Worcester, Massachusettes: + 81.32%
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 + 81.32% (+ 8.13% yearly) between 1993 and the end of 2002.
The state of MA had + 96.81% total appreciation (+ 9.68% 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 + 19.05% faster than this MSA.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Worcester, Massachusettes include real estate investment .
Lets look at West Warren, 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 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 $95,000.00 in 1993, you could multiply by + 81.32%, add the gain and see the home should be worth $172,255.19 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1993 to 2002:
+ 8.13%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 2002 were Boulder-CO, Barnstable-Town-MA, Denver-Aurora-CO, Fort-Collins-Loveland-CO, and San-Jose-Sunnyvale-Santa-Clara-CA .
- Boulder-CO increased +120.35% from 1993 to the end of 2002
- Barnstable-Town-MA increased +118.49% from 1993 to the end of 2002
- Denver-Aurora-CO increased +117.89% from 1993 to the end of 2002
- Fort-Collins-Loveland-CO increased +112.44% from 1993 to the end of 2002
- San-Jose-Sunnyvale-Santa-Clara-CA increased +107.94% from 1993 to the end of 2002
In contrast, the worst 5 MSAs from 1993 to 2002 were Honolulu-HI, Binghamton-NY, Utica-Rome-NY, Rochester-NY, and Syracuse-NY .
- Honolulu-HI only increased + 1.77% between 1993 and 2002
- Binghamton-NY only increased + 10.26% between 1993 and 2002
- Utica-Rome-NY only increased + 11.82% between 1993 and 2002
- Rochester-NY only increased + 15.19% between 1993 and 2002
- Syracuse-NY only increased + 15.21% between 1993 and 2002
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