Real Estate Appreciation for Worcester, Massachusettes: +105.37%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Worcester, Massachusettes did compared to the state as a whole.
The Worcester, Massachusettes MSA property value change was +105.37% (+ 11.71% yearly).
All of the property in MA averaged +115.97% change in value (+ 12.89% yearly).
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 Quarterly Detailed Appreciation
1997-2000 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 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 $98,000.00 in 1995, you could multiply by +105.37%, add the gain and see the home should be worth $201,262.60 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1995 to 2003:
+ 11.71%
Appreciation Comparisons
The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .
- Midland-TX lost - 34.76% from 1982 to 1990
- Midland-TX lost - 32.77% from 1983 thru 1991
- Lafayette-LA lost - 26.59% from 1982 thru 1990
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
The top 5 performing MSAs from 1995 to 2003 were Barnstable-Town-MA, San-Diego-Carlsbad-San-Marcos-CA, San-Luis-Obispo-Paso-Robles-CA, Napa-CA, and Ocean-City-NJ .
- Barnstable-Town-MA increased +150.11% from 1995 to the end of 2003
- San-Diego-Carlsbad-San-Marcos-CA increased +128.76% from 1995 to the end of 2003
- San-Luis-Obispo-Paso-Robles-CA increased +128.72% from 1995 to the end of 2003
- Napa-CA increased +125.56% from 1995 to the end of 2003
- Ocean-City-NJ increased +124.67% from 1995 to the end of 2003
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