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 + 90.42% (+ 15.07% yearly) for the period between 1999 and the end of 2004.

The state had + 92.52% total appreciation (+ 15.42% 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 + 2.33% faster than this MSA.

Worcester-MA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Worcester, Massachusettes .

Lets look at Oakham, 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 Oakham, Massachusettes check out Spec-Loan.com

If you were going to do a Oakham, Massachusettes Refinance, or Oakham, Massachusettes Reverse Mortgages, you could estimate your home value.

If you knew your Oakham, Massachusettes home was worth $103,000.00 in 1999, you could multiply by + 90.42%, add the gain and see the home should be worth $196,129.06 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 1999 to 2004:
+ 15.07%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2004 were Salinas-CA, San-Diego-Carlsbad-San-Marcos-CA, Vallejo-Fairfield-CA, Napa-CA, and San-Luis-Obispo-Paso-Robles-CA .

  1. Salinas-CA increased +147.28% from 1999 to the end of 2004
  2. San-Diego-Carlsbad-San-Marcos-CA increased +142.11% from 1999 to the end of 2004
  3. Vallejo-Fairfield-CA increased +136.81% from 1999 to the end of 2004
  4. Napa-CA increased +132.64% from 1999 to the end of 2004
  5. San-Luis-Obispo-Paso-Robles-CA increased +132.13% from 1999 to the end of 2004

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

Zip Code in MSA: 1068 - OAKHAM, MA

MSA Pop: 776610
Zip Pop: 1716
Avg Value: 150600
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.34393
Long: -72.047392