Real Estate Appreciation for Albany Schenectady Troy, New York: + 75.35%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Albany Schenectady Troy, New York MSA appreciated + 75.35% (+ 18.84% yearly) between 1983 and the end of 1986.
The state of NY had + 84.05% total appreciation (+ 21.01% 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 than the state as a whole. The state appreaciated + 11.54% faster than this MSA.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1986 | 1 | 67.21 | + 9.34% | + 37.35% |
| 1986 | 2 | 69.55 | + 3.48% | + 13.93% |
| 1986 | 3 | 72.79 | + 4.66% | + 18.63% |
| 1986 | 4 | 78.1 | + 7.29% | + 29.18% |
Some of the ways peope use our appreciation data for Albany Schenectady Troy, New York include real estate investment .
Lets look at Alplaus, New York, a city located in Albany Schenectady Troy, New York MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in New York check out Spec-Loan.com
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 $69,000.00 in 1983, you could multiply by + 75.35%, add the gain and see the home should be worth $120,990.12 in 1986. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1983 to 1986:
+ 18.84%
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