Real Estate Appreciation for Worcester, Massachusettes: + 14.44%
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: + 14.44%
- State of MA: + 19.20%
- Difference: - 24.82%
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
There are a lot of ways to use the appreciation data for Worcester, Massachusettes .
Lets look at Barre, 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 Barre, Massachusettes check out Spec-Loan.com
If you were going to do a Barre, Massachusettes Refinance, or Barre, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Barre, Massachusettes home was worth $97,000.00 in 1998, you could multiply by + 14.44%, add the gain and see the home should be worth $111,003.37 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1998 to 1999:
+ 7.22%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1998 to 1999 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Scranton-Wilkes-Barre-PA, Grand-Forks-ND-MN, and Midland-TX .
- Honolulu-HI decreased by - 2.52% between 1998 and 1999
- Buffalo-Niagara-Falls-NY decreased by - 2.49% between 1998 and 1999
- Scranton-Wilkes-Barre-PA decreased by - 2.23% between 1998 and 1999
- Grand-Forks-ND-MN decreased by - 2.16% between 1998 and 1999
- Midland-TX decreased by - 1.40% between 1998 and 1999
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 1005 - BARRE, MA
MSA Pop: 776610Zip Pop: 5077
Avg Value: 123800
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.433445
Long: -72.114991