Real Estate Appreciation for Worcester, Massachusettes: + 22.50%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Worcester, Massachusettes MSA appreciated + 22.50% (+ 11.25% yearly) for the period between 1999 and the end of 2000.
The state had + 25.68% total appreciation (+ 12.84% yearly).
The state average for Massachusettes was higher than the real estate appreciation in the Worcester, Massachusettes MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 14.15% faster than this MSA.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Barre, Massachusettes, a city located in Worcester, Massachusettes MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $99,000.00 in 1999, you could multiply by + 22.50%, add the gain and see the home should be worth $121,272.73 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1999 to 2000:
+ 11.25%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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