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 + 26.57% (+ 4.43% yearly).

All of the property in OH averaged + 26.41% change in value (+ 4.40% yearly).

Akron-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1999-2002 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 $99,000.00 in 1997, you could multiply by + 26.57%, add the gain and see the home should be worth $125,304.69 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Akron-OH from 1997 to 2002:
+ 4.43%

Appreciation Comparisons

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

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