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 + 41.79% (+ 5.22% yearly) between 1993 and the end of 2000.

The state of OH had + 40.20% total appreciation (+ 5.02% yearly). The Akron, Ohio MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 3.97% 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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1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Lets look at Northfield, Ohio, a city located in Akron, Ohio 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 Northfield, Ohio Refinance, or Northfield, Ohio Reverse Mortgages, you could estimate your home value.

If you knew your Northfield, Ohio home was worth $93,000.00 in 1993, you could multiply by + 41.79%, add the gain and see the home should be worth $131,868.11 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Akron-OH from 1993 to 2000:
+ 5.22%

Appreciation Comparisons

The worst 5 MSAs from 1993 to 2000 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Bakersfield-CA, and Albany-Schenectady-Troy-NY .

  1. Honolulu-HI decreased by - 12.00% between 1993 and 2000
  2. Utica-Rome-NY decreased by - 0.39% between 1993 and 2000
  3. Binghamton-NY only increased + 0.04% between 1993 and 2000
  4. Bakersfield-CA only increased + 0.49% between 1993 and 2000
  5. Albany-Schenectady-Troy-NY only increased + 0.78% between 1993 and 2000

For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .

  1. Salinas-CA increased +233.30% from 1998 thru 2005
  2. Springfield-MA increased +225.43% from 1981 thru 1988
  3. Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
  4. Salinas-CA increased +204.52% from 1999 thru 2006
  5. Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005

The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .

  1. Midland-TX lost - 34.76% from 1982 to 1989
  2. Midland-TX lost - 32.81% from 1983 thru 1990
  3. Casper-WY lost - 31.76% from 1983 thru 1990
  4. Lafayette-LA lost - 31.61% from 1981 thru 1988
  5. Lafayette-LA lost - 30.68% from 1982 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