Real Estate Appreciation for Worcester, Massachusettes: +134.56%
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: +134.56%
- State of MA: +145.73%
- Difference: - 7.66%
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $101,000.00 in 1996, you could multiply by +134.56%, add the gain and see the home should be worth $236,901.43 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1996 to 2005:
+ 13.46%
Appreciation Comparisons
The worst 5 MSAs from 1996 to 2005 were Florence-Muscle-Shoals-AL, Springfield-IL, Lafayette-IN, Columbus-IN, and Fayetteville-NC .
- Florence-Muscle-Shoals-AL only increased + 24.39% between 1996 and 2005
- Springfield-IL only increased + 25.14% between 1996 and 2005
- Lafayette-IN only increased + 25.82% between 1996 and 2005
- Columbus-IN only increased + 26.95% between 1996 and 2005
- Fayetteville-NC only increased + 29.59% between 1996 and 2005
For a 10 year period, the top 5 performing MSAs of all time are Bridgeport-Stamford-Norwalk-CT, New-Haven-Milford-CT, Salinas-CA, Salinas-CA, and Riverside-San-Bernardino-Ontario-CA .
- Bridgeport-Stamford-Norwalk-CT increased +262.04% from 1977 thru 1986
- New-Haven-Milford-CT increased +251.93% from 1978 thru 1987
- Salinas-CA increased +251.06% from 1996 thru 2005
- Salinas-CA increased +247.53% from 1997 thru 2006
- Riverside-San-Bernardino-Ontario-CA increased +237.10% from 1997 thru 2006
The worst perfoming MSAs ever for a 10 year period, were Midland-TX, Midland-TX, Lafayette-LA, Midland-TX, and Lafayette-LA .
- Midland-TX lost - 34.73% from 1982 to 1991
- Midland-TX lost - 31.11% from 1983 thru 1992
- Lafayette-LA lost - 22.75% from 1982 thru 1991
- Midland-TX lost - 22.05% from 1984 thru 1993
- Lafayette-LA lost - 21.25% from 1983 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