Real Estate Appreciation for Worcester, Massachusettes: +145.75%
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 +145.75% (+ 12.15% yearly).
All of the property in MA averaged +158.43% change in value (+ 13.20% yearly).
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
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Athol, Massachusettes, a city located in Worcester, Massachusettes MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Athol, Massachusettes check out 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 $101,000.00 in 1995, you could multiply by +145.75%, add the gain and see the home should be worth $248,207.50 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1995 to 2006:
+ 12.15%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 2006 were Lafayette-IN, Springfield-IL, Rochester-NY, Columbus-IN, and Fort-Wayne-IN .
- Lafayette-IN only increased + 32.66% between 1995 and 2006
- Springfield-IL only increased + 35.99% between 1995 and 2006
- Rochester-NY only increased + 37.45% between 1995 and 2006
- Columbus-IN only increased + 38.30% between 1995 and 2006
- Fort-Wayne-IN only increased + 41.07% between 1995 and 2006
The worst perfoming MSAs ever for a 12 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 29.95% from 1982 to 1993
- Midland-TX lost - 27.35% from 1983 thru 1994
- Midland-TX lost - 18.42% from 1984 thru 1995
- Odessa-TX lost - 17.39% from 1984 thru 1995
- Lafayette-LA lost - 14.77% from 1982 thru 1993
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