Real Estate Appreciation for Worcester, Massachusettes: + 36.80%
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 + 36.80% (+ 9.20% yearly).
All of the property in MA averaged + 44.38% change in value (+ 11.09% yearly).
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 134.53 | + 4.25% | + 16.99% |
| 2000 | 2 | 138.27 | + 2.78% | + 11.12% |
| 2000 | 3 | 143.13 | + 3.51% | + 14.06% |
| 2000 | 4 | 146.74 | + 2.52% | + 10.09% |
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 Gilbertville, Massachusettes Refinance, or Gilbertville, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Gilbertville, Massachusettes home was worth $97,000.00 in 1997, you could multiply by + 36.80%, add the gain and see the home should be worth $132,691.15 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1997 to 2000:
+ 9.20%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
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