Real Estate Appreciation for Worcester, Massachusettes: +139.45%
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 +139.45% (+ 9.96% yearly) between 1993 and the end of 2006.
The state of MA had +159.09% total appreciation (+ 11.36% 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 + 14.08% faster than this MSA.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Worcester-MA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Massachusettes, you can do some research at 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 $99,000.00 in 1993, you could multiply by +139.45%, add the gain and see the home should be worth $237,057.88 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1993 to 2006:
+ 9.96%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 2006 were Salinas-CA, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Bend-OR, Flagstaff-AZ-UT, and Phoenix-Mesa-Scottdale-AZ .
- Salinas-CA increased +247.88% from 1993 to the end of 2006
- Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +240.91% from 1993 to the end of 2006
- Bend-OR increased +230.33% from 1993 to the end of 2006
- Flagstaff-AZ-UT increased +228.96% from 1993 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased +223.72% from 1993 to the end of 2006
In contrast, the worst 5 MSAs from 1993 to 2006 were Rochester-NY, Buffalo-Niagara-Falls-NY, Springfield-IL, Lafayette-IN, and Fort-Wayne-IN .
- Rochester-NY only increased + 33.80% between 1993 and 2006
- Buffalo-Niagara-Falls-NY only increased + 42.20% between 1993 and 2006
- Springfield-IL only increased + 47.18% between 1993 and 2006
- Lafayette-IN only increased + 47.24% between 1993 and 2006
- Fort-Wayne-IN only increased + 47.47% between 1993 and 2006
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