Real Estate Appreciation for Albany Schenectady Troy, New York: - 7.12%
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 - 7.12% (- 1.78% yearly) between 1993 and the end of 1996.
The state of NY had + 0.19% total appreciation (+ 0.05% 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 -102.68% 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% |
| 1995 | 1 | 100 | - 2.82% | - 11.27% |
| 1995 | 2 | 100.96 | + 0.96% | + 3.84% |
| 1995 | 3 | 102.5 | + 1.53% | + 6.10% |
| 1995 | 4 | 102.31 | - 0.19% | - 0.74% |
| 1996 | 1 | 103.5 | + 1.16% | + 4.65% |
| 1996 | 2 | 100.39 | - 3.00% | - 12.02% |
| 1996 | 3 | 100.84 | + 0.45% | + 1.79% |
| 1996 | 4 | 99.57 | - 1.26% | - 5.04% |
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 $89,000.00 in 1993, you could multiply by - 7.12%, add the gain and see the home should be worth $82,665.39 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1993 to 1996:
- 1.78%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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