Appreciation for MSAs:.

Let's start by comparing Worcester, Massachusettes to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 21.12% (+ 10.56% yearly) for the Worcester, Massachusettes MSA.

The entire state of MA had + 20.04% appreciation (+ 10.02% yearly). The Worcester, Massachusettes MSA beat out the state. by + 5.37% appreciation.

Worcester-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $105,000.00 in 2002, you could multiply by + 21.12%, add the gain and see the home should be worth $127,175.34 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 2002 to 2003:
+ 10.56%

Appreciation Comparisons

The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .

  1. Fresno-CA increased + 36.89% from 2002 to the end of 2003
  2. Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
  3. Chico-CA increased + 35.05% from 2002 to the end of 2003
  4. Madera-CA increased + 34.32% from 2002 to the end of 2003
  5. Redding-CA increased + 34.01% from 2002 to the end of 2003

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 .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

Zip Code in MSA: 1005 - BARRE, MA

MSA Pop: 776610
Zip Pop: 5077
Avg Value: 123800
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.433445
Long: -72.114991