Real Estate Appreciation for Albany Schenectady Troy, New York: + 52.93%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Albany Schenectady Troy, New York MSA appreciation it was + 52.93% (+ 10.59% yearly) from 2000 to 2004.
During the same time period, NY had + 66.12% (+ 13.22% yearly).
From 2000 to 2004, New York outperformed the individual Albany Schenectady Troy, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Albany-Schenectady-Troy-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Albany Schenectady Troy, New York .
Lets look at Altamont, 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 Altamont, New York check out Spec-Loan.com
If you were going to do a Altamont, New York Refinance, or Altamont, New York Reverse Mortgages, you could estimate your home value.
If you knew your Altamont, New York home was worth $104,000.00 in 2000, you could multiply by + 52.93%, add the gain and see the home should be worth $159,050.61 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 2000 to 2004:
+ 10.59%
Appreciation Comparisons
The worst 5 MSAs from 2000 to 2004 were Ogden-Clearfield-UT, Jackson-TN, Lafayette-IN, Provo-Orem-UT, and Columbus-IN .
- Ogden-Clearfield-UT only increased + 10.49% between 2000 and 2004
- Jackson-TN only increased + 10.54% between 2000 and 2004
- Lafayette-IN only increased + 11.54% between 2000 and 2004
- Provo-Orem-UT only increased + 12.30% between 2000 and 2004
- Columbus-IN only increased + 13.22% between 2000 and 2004
For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
- Worcester-MA increased +138.82% from 1982 thru 1986
- Fresno-CA increased +137.23% from 2001 thru 2005
- Madera-CA increased +136.99% from 2001 thru 2005
- Yuba-City-CA increased +136.08% from 2001 thru 2005
The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .
- Casper-WY lost - 42.34% from 1983 to 1987
- Lafayette-LA lost - 39.59% from 1983 thru 1987
- Lafayette-LA lost - 37.20% from 1984 thru 1988
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
Zip Code in MSA: 12009 - ALTAMONT, NY
MSA Pop: 840644Zip Pop: 7628
Avg Value: 131900
County: ALBANY
Elev: 30
Region: Northeast
Lat: 42.70314
Long: -74.02866