Real Estate Appreciation for Worcester, Massachusettes: + 29.49%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Worcester, Massachusettes MSA appreciated + 29.49% (+ 7.37% yearly) between 2003 and the end of 2006.
The state of MA had + 29.15% total appreciation (+ 7.29% yearly).
The Worcester, Massachusettes MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 1.15% faster than the state as a whole.
Worcester-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 193.18 | + 1.79% | + 7.14% |
| 2003 | 3 | 197.12 | + 2.04% | + 8.16% |
| 2003 | 4 | 205.37 | + 4.19% | + 16.74% |
| 2004 | 1 | 208.87 | + 1.70% | + 6.82% |
| 2004 | 2 | 214.25 | + 2.58% | + 10.30% |
| 2004 | 3 | 223.61 | + 4.37% | + 17.47% |
| 2004 | 4 | 228.1 | + 2.01% | + 8.03% |
| 2005 | 1 | 232.72 | + 2.03% | + 8.10% |
| 2005 | 2 | 238.21 | + 2.36% | + 9.44% |
| 2005 | 3 | 243.43 | + 2.19% | + 8.77% |
| 2005 | 4 | 245.58 | + 0.88% | + 3.53% |
| 2006 | 1 | 247.14 | + 0.64% | + 2.54% |
| 2006 | 2 | 246.39 | - 0.30% | - 1.21% |
| 2006 | 3 | 242.92 | - 1.41% | - 5.63% |
| 2006 | 4 | 245.75 | + 1.16% | + 4.66% |
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 $109,000.00 in 2003, you could multiply by + 29.49%, add the gain and see the home should be worth $141,138.89 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Worcester-MA from 2003 to 2006:
+ 7.37%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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