Real Estate Appreciation for Albany Schenectady Troy, New York: + 19.64%
Appreciation for MSAs:.
Let's start by comparing Albany Schenectady Troy, New York to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 19.64% (+ 9.82% yearly) for the Albany Schenectady Troy, New York MSA.
The entire state of NY had + 21.32% appreciation (+ 10.66% 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 by + 8.55%.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 118.98 | + 2.39% | + 9.57% |
| 2002 | 3 | 121.59 | + 2.19% | + 8.77% |
| 2002 | 4 | 124.43 | + 2.34% | + 9.34% |
| 2003 | 1 | 126.63 | + 1.77% | + 7.07% |
| 2003 | 2 | 129.23 | + 2.05% | + 8.21% |
| 2003 | 3 | 132.7 | + 2.69% | + 10.74% |
| 2003 | 4 | 139.02 | + 4.76% | + 19.05% |
Some of the ways peope use our appreciation data for Albany Schenectady Troy, New York include real estate investment .
Lets look at Alcove, New York, a city located in Albany Schenectady Troy, New York MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $105,000.00 in 2002, you could multiply by + 19.64%, add the gain and see the home should be worth $125,620.48 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 2002 to 2003:
+ 9.82%
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 .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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