Real Estate Appreciation for Worcester, Massachusettes: + 23.26%
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: + 23.26%
- State of MA: + 29.85%
- Difference: - 22.09%
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% |
| 1999 | 1 | 119.79 | + 1.58% | + 6.31% |
| 1999 | 2 | 123.15 | + 2.80% | + 11.22% |
| 1999 | 3 | 126.57 | + 2.78% | + 11.11% |
| 1999 | 4 | 129.05 | + 1.96% | + 7.84% |
Some of the ways peope use our appreciation data for Worcester, Massachusettes include real estate investment .
Lets look at Gilbertville, Massachusettes, a city located in Worcester, Massachusettes MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $95,000.00 in 1996, you could multiply by + 23.26%, add the gain and see the home should be worth $117,094.08 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1996 to 1999:
+ 5.81%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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