Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Akron, Ohio MSA appreciated + 26.71% (+ 5.34% yearly) between 1993 and the end of 1997.

The state of OH had + 24.41% total appreciation (+ 4.88% yearly). The Akron, Ohio MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 9.39% faster than the state as a whole.

Akron-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1994-1997 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Akron, Ohio .

Lets look at Northfield, Ohio, a city located in Akron, Ohio MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Northfield, Ohio check out Spec-Loan.com

If you were going to do a Northfield, Ohio Refinance, or Northfield, Ohio Reverse Mortgages, you could estimate your home value.

If you knew your Northfield, Ohio home was worth $90,000.00 in 1993, you could multiply by + 26.71%, add the gain and see the home should be worth $114,036.84 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Akron-OH from 1993 to 1997:
+ 5.34%

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. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  2. Anchorage-AK lost - 30.21% from 1985 thru 1989

Zip Code in MSA: 44067 - NORTHFIELD, OH

MSA Pop: 701643
Zip Pop: 17827
Avg Value: 153500
County: SUMMIT
Elev: 989
Region: Midwest
Lat: 41.3124
Long: -81.54216