Real Estate Appreciation for Worcester, Massachusettes: +105.01%
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 +105.01% (+ 15.00% yearly) for the period between 1999 and the end of 2005.
The state had +108.21% total appreciation (+ 15.46% 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 + 3.05% faster than this MSA.
Worcester-MA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Worcester-MA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Massachusettes, you can do some research at Spec-Loan.com.
If you were going to do a South Barre, Massachusettes Refinance, or South Barre, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your South Barre, Massachusettes home was worth $104,000.00 in 1999, you could multiply by +105.01%, add the gain and see the home should be worth $213,209.12 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 1999 to 2005:
+ 15.00%
Appreciation Comparisons
For a 7 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Merced-CA, Naples-Marco-Island-FL, and Vallejo-Fairfield-CA .
- Salinas-CA increased +208.13% from 1999 thru 2005
- Springfield-MA increased +199.02% from 1981 thru 1987
- Merced-CA increased +193.70% from 1999 thru 2005
- Naples-Marco-Island-FL increased +186.53% from 1999 thru 2005
- Vallejo-Fairfield-CA increased +185.64% from 1999 thru 2005
Zip Code in MSA: 1074 - SOUTH BARRE, MA
MSA Pop: 776610Zip Pop: 0
Avg Value: 0
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.38537
Long: -72.098398