Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Akron, Ohio did compared to the state as a whole.

The Akron, Ohio MSA property value change was + 43.81% (+ 4.87% yearly).

All of the property in OH averaged + 45.05% change in value (+ 5.01% yearly).

Akron-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation
1997-2000 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 $98,000.00 in 1995, you could multiply by + 43.81%, add the gain and see the home should be worth $140,933.80 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Akron-OH from 1995 to 2003:
+ 4.87%

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. Casper-WY lost - 26.42% from 1983 thru 1991
  2. Midland-TX lost - 25.57% from 1984 thru 1992

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