Real Estate Appreciation for Worcester, Massachusettes: + 2.53%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Worcester, Massachusettes MSA appreciation it was + 2.53% (+ 0.84% yearly) from 1994 to 1996.
During the same time period, MA had + 5.90% (+ 1.97% yearly).
From 1994 to 1996, Massachusettes outperformed the individual Worcester, Massachusettes MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Gilbertville, Massachusettes click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Worcester, Massachusettes.
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 $90,000.00 in 1994, you could multiply by + 2.53%, add the gain and see the home should be worth $92,274.84 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1994 to 1996:
+ 0.84%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, and Pueblo-CO .
- Salt-Lake-City-UT increased + 33.67% from 1994 to the end of 1996
- Ogden-Clearfield-UT increased + 32.69% from 1994 to the end of 1996
- Provo-Orem-UT increased + 30.79% from 1994 to the end of 1996
- Logan-UT-ID increased + 29.11% from 1994 to the end of 1996
- Pueblo-CO increased + 27.92% from 1994 to the end of 1996
In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .
- Binghamton-NY decreased by - 13.28% between 1994 and 1996
- Kingston-NY decreased by - 11.87% between 1994 and 1996
- Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
- Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
- Honolulu-HI decreased by - 9.66% between 1994 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