Real Estate Appreciation for Worcester, Massachusettes: + 30.12%
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: + 30.12%
- State of MA: + 36.16%
- Difference: - 16.70%
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% |
| 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 $98,000.00 in 1998, you could multiply by + 30.12%, add the gain and see the home should be worth $127,520.79 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1998 to 2000:
+ 10.04%
Appreciation Comparisons
The top 5 performing MSAs from 1998 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 + 60.41% from 1998 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 58.08% from 1998 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 53.83% from 1998 to the end of 2000
- Salinas-CA increased + 50.81% from 1998 to the end of 2000
- Napa-CA increased + 45.22% from 1998 to the end of 2000
In contrast, the worst 5 MSAs from 1998 to 2000 were Midland-TX, Wenatchee-WA, Buffalo-Niagara-Falls-NY, Grand-Forks-ND-MN, and Coeur-d'Alene-ID .
- Midland-TX decreased by - 1.12% between 1998 and 2000
- Wenatchee-WA only increased + 0.15% between 1998 and 2000
- Buffalo-Niagara-Falls-NY only increased + 0.36% between 1998 and 2000
- Grand-Forks-ND-MN only increased + 0.83% between 1998 and 2000
- Coeur-d'Alene-ID only increased + 1.01% between 1998 and 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