Real Estate Appreciation for Albany Schenectady Troy, New York: + 7.50%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Albany Schenectady Troy, New York MSA appreciated + 7.50% (+ 1.87% yearly) for the period between 1989 and the end of 1992.
The state had + 1.33% total appreciation (+ 0.33% yearly).
The Albany Schenectady Troy, New York MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1989 | 2 | 101.73 | + 1.18% | + 4.73% |
| 1989 | 3 | 104 | + 2.23% | + 8.93% |
| 1989 | 4 | 104.32 | + 0.31% | + 1.23% |
| 1990 | 1 | 104.41 | + 0.09% | + 0.35% |
| 1990 | 2 | 104.09 | - 0.31% | - 1.23% |
| 1990 | 3 | 104.03 | - 0.06% | - 0.23% |
| 1990 | 4 | 104.82 | + 0.76% | + 3.04% |
| 1991 | 1 | 104.85 | + 0.03% | + 0.11% |
| 1991 | 2 | 105.85 | + 0.95% | + 3.81% |
| 1991 | 3 | 105.69 | - 0.15% | - 0.60% |
| 1991 | 4 | 106.19 | + 0.47% | + 1.89% |
| 1992 | 1 | 108.06 | + 1.76% | + 7.04% |
| 1992 | 2 | 106.57 | - 1.38% | - 5.52% |
| 1992 | 3 | 107.73 | + 1.09% | + 4.35% |
| 1992 | 4 | 108.08 | + 0.32% | + 1.30% |
Lets look at Alplaus, New York, a city located in Albany Schenectady Troy, New York MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $81,000.00 in 1989, you could multiply by + 7.50%, add the gain and see the home should be worth $87,074.60 in 1992. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1989 to 1992:
+ 1.87%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1989 to 1992 were Manchester-Nashua-NH, Barnstable-Town-MA, Hartford-West-Hartford-East-Hartford-CT, Pittsfield-MA, and New-Haven-Milford-CT .
- Manchester-Nashua-NH decreased by - 17.49% between 1989 and 1992
- Barnstable-Town-MA decreased by - 13.06% between 1989 and 1992
- Hartford-West-Hartford-East-Hartford-CT decreased by - 11.96% between 1989 and 1992
- Pittsfield-MA decreased by - 11.75% between 1989 and 1992
- New-Haven-Milford-CT decreased by - 11.61% between 1989 and 1992
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
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