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 + 13.92% (+ 6.96% yearly) for the period between 2001 and the end of 2002.

The state had + 19.08% total appreciation (+ 9.54% yearly). The state average for New York was higher than the real estate appreciation in the Albany Schenectady Troy, New York MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 37.14% faster than this MSA.

Albany-Schenectady-Troy-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 111.57 + 2.14% + 8.57%
2001 3 114.14 + 2.30% + 9.21%
2001 4 115.03 + 0.78% + 3.12%
2002 1 116.2 + 1.02% + 4.07%
2002 2 118.98 + 2.39% + 9.57%
2002 3 121.59 + 2.19% + 8.77%
2002 4 124.43 + 2.34% + 9.34%


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 Alcove, 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 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 $103,000.00 in 2001, you could multiply by + 13.92%, add the gain and see the home should be worth $117,333.06 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 2001 to 2002:
+ 6.96%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

Zip Code in MSA: 12007 - ALCOVE, NY

MSA Pop: 840644
Zip Pop: 0
Avg Value: 0
County: ALBANY
Elev: 30
Region: Northeast
Lat: 42.46741
Long: -73.92823