Real Estate Appreciation for Worcester, Massachusettes: + 12.64%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Worcester, Massachusettes: + 12.64%
- State of MA: + 15.67%
- Difference: - 19.34%
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 105.25 | + 0.53% | + 2.10% |
| 1996 | 3 | 104.85 | - 0.38% | - 1.52% |
| 1996 | 4 | 105.87 | + 0.97% | + 3.89% |
| 1997 | 1 | 107.27 | + 1.32% | + 5.29% |
| 1997 | 2 | 108.31 | + 0.97% | + 3.88% |
| 1997 | 3 | 109.37 | + 0.98% | + 3.91% |
| 1997 | 4 | 111.06 | + 1.55% | + 6.18% |
| 1998 | 1 | 112.77 | + 1.54% | + 6.16% |
| 1998 | 2 | 114.06 | + 1.14% | + 4.58% |
| 1998 | 3 | 116.57 | + 2.20% | + 8.80% |
| 1998 | 4 | 117.93 | + 1.17% | + 4.67% |
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Gilbertville, 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 Gilbertville, Massachusettes check out Spec-Loan.com
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 $94,000.00 in 1996, you could multiply by + 12.64%, add the gain and see the home should be worth $105,877.94 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1996 to 1998:
+ 4.21%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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