Real Estate Appreciation for Worcester, Massachusettes: + 80.21%
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 + 80.21% (+ 8.91% yearly) from 1994 to 2002.
During the same time period, MA had + 93.61% (+ 10.40% yearly).
From 1994 to 2002, 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
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
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 West Warren, 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 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 $96,000.00 in 1994, you could multiply by + 80.21%, add the gain and see the home should be worth $173,006.39 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1994 to 2002:
+ 8.91%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
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