Real Estate Appreciation for Albany Schenectady Troy, New York: - 4.01%
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 - 4.01% (- 2.01% yearly) between 1993 and the end of 1994.
The state of NY had - 2.50% total appreciation (- 1.25% 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 - 37.58% faster than this MSA.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 107.74 | + 0.50% | + 2.01% |
| 1993 | 3 | 107.87 | + 0.12% | + 0.48% |
| 1993 | 4 | 107.78 | - 0.08% | - 0.33% |
| 1994 | 1 | 107.51 | - 0.25% | - 1.00% |
| 1994 | 2 | 104.74 | - 2.58% | - 10.31% |
| 1994 | 3 | 103.58 | - 1.11% | - 4.43% |
| 1994 | 4 | 102.9 | - 0.66% | - 2.63% |
There are a lot of ways to use the appreciation data for Albany Schenectady Troy, New York .
Lets look at Alcove, New York, a city located in Albany Schenectady Troy, New York 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 Alcove, New York check out Spec-Loan.com
If you were going to do a Alcove, New York Refinance, or Alcove, New York Reverse Mortgages, you could estimate your home value.
If you knew your Alcove, New York home was worth $87,000.00 in 1993, you could multiply by - 4.01%, add the gain and see the home should be worth $83,510.26 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1993 to 1994:
- 2.01%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1993 to 1994 were Riverside-San-Bernardino-Ontario-CA, Kingston-NY, Binghamton-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 13.55% between 1993 and 1994
- Kingston-NY decreased by - 12.24% between 1993 and 1994
- Binghamton-NY decreased by - 10.95% between 1993 and 1994
- Utica-Rome-NY decreased by - 8.71% between 1993 and 1994
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 8.42% between 1993 and 1994
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 12007 - ALCOVE, NY
MSA Pop: 840644Zip Pop: 0
Avg Value: 0
County: ALBANY
Elev: 30
Region: Northeast
Lat: 42.46741
Long: -73.92823