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 + 62.97% (+ 10.50% yearly) for the period between 2001 and the end of 2006.

The state had + 60.59% total appreciation (+ 10.10% yearly). The Worcester, Massachusettes MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Worcester-MA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation


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 Oakham, Massachusettes Refinance, or Oakham, Massachusettes Reverse Mortgages, you could estimate your home value.

If you knew your Oakham, Massachusettes home was worth $107,000.00 in 2001, you could multiply by + 62.97%, add the gain and see the home should be worth $174,383.25 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 2001 to 2006:
+ 10.50%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Anchorage-AK lost - 33.17% from 1984 thru 1989
  2. Midland-TX lost - 31.15% from 1982 thru 1987

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