Real Estate Appreciation for Worcester, Massachusettes: + 52.66%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Worcester, Massachusettes MSA appreciation it was + 52.66% (+ 13.16% yearly) from 2000 to 2003.
During the same time period, MA had + 51.28% (+ 12.82% yearly).
You can see that the Worcester, Massachusettes MSA experienced higher appreciation in this case.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 138.27 | + 2.78% | + 11.12% |
| 2000 | 3 | 143.13 | + 3.51% | + 14.06% |
| 2000 | 4 | 146.74 | + 2.52% | + 10.09% |
| 2001 | 1 | 150.79 | + 2.76% | + 11.04% |
| 2001 | 2 | 155.3 | + 2.99% | + 11.96% |
| 2001 | 3 | 161.36 | + 3.90% | + 15.61% |
| 2001 | 4 | 165.59 | + 2.62% | + 10.49% |
| 2002 | 1 | 169.56 | + 2.40% | + 9.59% |
| 2002 | 2 | 176.37 | + 4.02% | + 16.07% |
| 2002 | 3 | 181.78 | + 3.07% | + 12.27% |
| 2002 | 4 | 186.09 | + 2.37% | + 9.48% |
| 2003 | 1 | 189.79 | + 1.99% | + 7.95% |
| 2003 | 2 | 193.18 | + 1.79% | + 7.14% |
| 2003 | 3 | 197.12 | + 2.04% | + 8.16% |
| 2003 | 4 | 205.37 | + 4.19% | + 16.74% |
Some of the ways peope use our appreciation data for Worcester, Massachusettes include real estate investment .
Lets look at Gilbertville, Massachusettes, a city located in Worcester, Massachusettes MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Massachusettes check out Spec-Loan.com
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 $103,000.00 in 2000, you could multiply by + 52.66%, add the gain and see the home should be worth $157,237.12 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 2000 to 2003:
+ 13.16%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2000 to 2003 were Ogden-Clearfield-UT, Wenatchee-WA, Provo-Orem-UT, Jackson-TN, and Lafayette-IN .
- Ogden-Clearfield-UT only increased + 7.50% between 2000 and 2003
- Wenatchee-WA only increased + 7.51% between 2000 and 2003
- Provo-Orem-UT only increased + 8.27% between 2000 and 2003
- Jackson-TN only increased + 8.39% between 2000 and 2003
- Lafayette-IN only increased + 8.43% between 2000 and 2003
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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