Real Estate Appreciation for Albany Schenectady Troy, New York: + 40.44%
Appreciation for MSAs:.
Let's start by comparing Albany Schenectady Troy, New York to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 40.44% (+ 10.11% yearly) for the Albany Schenectady Troy, New York MSA.
The entire state of NY had + 53.96% appreciation (+ 13.49% yearly).
The state average for New York was higher than the real estate appreciation in the Albany Schenectady Troy, New York MSA. This means the conditions in the MSA for real estate investment were worse by + 33.43%.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1982 | 2 | 43.78 | + 0.02% | + 0.09% |
| 1982 | 3 | 46.98 | + 7.31% | + 29.24% |
| 1982 | 4 | 43.13 | - 8.19% | - 32.78% |
| 1983 | 1 | 44.54 | + 3.27% | + 13.08% |
| 1983 | 2 | 45.4 | + 1.93% | + 7.72% |
| 1983 | 3 | 50.25 | + 10.68% | + 42.73% |
| 1983 | 4 | 49.12 | - 2.25% | - 9.00% |
| 1984 | 1 | 52.92 | + 7.74% | + 30.94% |
| 1984 | 2 | 53.09 | + 0.32% | + 1.28% |
| 1984 | 3 | 53.53 | + 0.83% | + 3.32% |
| 1984 | 4 | 56.38 | + 5.32% | + 21.30% |
| 1985 | 1 | 56.98 | + 1.06% | + 4.26% |
| 1985 | 2 | 60.63 | + 6.41% | + 25.62% |
| 1985 | 3 | 63.37 | + 4.52% | + 18.08% |
| 1985 | 4 | 61.47 | - 3.00% | - 11.99% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Alplaus, New York click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Albany Schenectady Troy, New York.
If you were going to do a Alplaus, New York Refinance, or Alplaus, New York Reverse Mortgages, you could estimate your home value.
If you knew your Alplaus, New York home was worth $67,000.00 in 1982, you could multiply by + 40.44%, add the gain and see the home should be worth $94,093.90 in 1985. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1982 to 1985:
+ 10.11%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 12008 - ALPLAUS, NY
MSA Pop: 840644Zip Pop: 431
Avg Value: 111500
County: SCHENECTADY
Elev: 246
Region: Northeast
Lat: 42.85704
Long: -73.9023