Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Worcester, Massachusettes MSA appreciation it was + 17.58% (+ 8.79% yearly) from 2004 to 2005.

During the same time period, MA had + 18.08% (+ 9.04% yearly). From 2004 to 2005, Massachusettes outperformed the individual Worcester, Massachusettes MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Worcester-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Some of the ways peope use our appreciation data for Worcester, Massachusettes include real estate investment .

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

If you knew your Barre, Massachusettes home was worth $109,000.00 in 2004, you could multiply by + 17.58%, add the gain and see the home should be worth $128,157.32 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Worcester-MA from 2004 to 2005:
+ 8.79%

Appreciation Comparisons

The top 5 performing MSAs from 2004 to 2005 were 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 to the end of 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
  3. Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005

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