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 + 44.93% (+ 8.99% yearly) for the Worcester, Massachusettes MSA.

The entire state of MA had + 43.64% appreciation (+ 8.73% yearly). The Worcester, Massachusettes MSA beat out the state. by + 2.96% appreciation.

Worcester-MA

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2003-2006 Quarterly Detailed Appreciation


Lets look at Hardwick, 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 Hardwick, Massachusettes Refinance, or Hardwick, Massachusettes Reverse Mortgages, you could estimate your home value.

If you knew your Hardwick, Massachusettes home was worth $108,000.00 in 2002, you could multiply by + 44.93%, add the gain and see the home should be worth $156,528.66 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 2002 to 2006:
+ 8.99%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2002 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .

  1. Kokomo-IN only increased + 4.72% between 2002 and 2006
  2. Anderson-IN only increased + 6.47% between 2002 and 2006
  3. Lafayette-IN only increased + 6.55% between 2002 and 2006
  4. Saginaw-Saginaw-Township-North-MI only increased + 8.62% between 2002 and 2006
  5. Muncie-IN only increased + 8.71% between 2002 and 2006

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

Zip Code in MSA: 1037 - HARDWICK, MA

MSA Pop: 776610
Zip Pop: 710
Avg Value: 175000
County: WORCESTER
Elev: 475
Region: Northeast
Lat: 42.34998
Long: -72.19998