Real Estate Appreciation for Akron, Ohio: + 15.37%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Akron, Ohio: + 15.37%
- State of OH: + 15.46%
- Difference: - 0.57%
Akron-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 107.31 | - 0.04% | - 0.15% |
| 1996 | 3 | 108.15 | + 0.78% | + 3.13% |
| 1996 | 4 | 109.78 | + 1.51% | + 6.03% |
| 1997 | 1 | 110.8 | + 0.93% | + 3.72% |
| 1997 | 2 | 111.7 | + 0.81% | + 3.25% |
| 1997 | 3 | 114.14 | + 2.18% | + 8.74% |
| 1997 | 4 | 115.57 | + 1.25% | + 5.01% |
| 1998 | 1 | 117.45 | + 1.63% | + 6.51% |
| 1998 | 2 | 118.41 | + 0.82% | + 3.27% |
| 1998 | 3 | 119.81 | + 1.18% | + 4.73% |
| 1998 | 4 | 121.46 | + 1.38% | + 5.51% |
| 1999 | 1 | 122.33 | + 0.72% | + 2.87% |
| 1999 | 2 | 123.63 | + 1.06% | + 4.25% |
| 1999 | 3 | 123.67 | + 0.03% | + 0.13% |
| 1999 | 4 | 123.85 | + 0.15% | + 0.58% |
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 $95,000.00 in 1996, you could multiply by + 15.37%, add the gain and see the home should be worth $109,601.77 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Akron-OH from 1996 to 1999:
+ 3.84%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
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: 44067 - NORTHFIELD, OH
MSA Pop: 701643Zip Pop: 17827
Avg Value: 153500
County: SUMMIT
Elev: 989
Region: Midwest
Lat: 41.3124
Long: -81.54216