Real Estate Appreciation for Binghamton, New York: + 8.44%
Appreciation for MSAs:.
Let's start by comparing Binghamton, 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 + 8.44% (+ 0.77% yearly) for the Binghamton, New York MSA.
The entire state of NY had + 54.23% appreciation (+ 4.93% yearly).
The state average for New York was higher than the real estate appreciation in the Binghamton, New York MSA. This means the conditions in the MSA for real estate investment were worse by +542.68%.
Binghamton-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Binghamton, New York .
Lets look at Bible School Park, New York, a city located in Binghamton, 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 Bible School Park, New York check out Spec-Loan.com
If you were going to do a Bible School Park, New York Refinance, or Bible School Park, New York Reverse Mortgages, you could estimate your home value.
If you knew your Bible School Park, New York home was worth $94,000.00 in 1992, you could multiply by + 8.44%, add the gain and see the home should be worth $101,931.84 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1992 to 2002:
+ 0.77%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1992 to 2002 were Honolulu-HI, Binghamton-NY, Utica-Rome-NY, Syracuse-NY, and Albany-Schenectady-Troy-NY .
- Honolulu-HI only increased + 2.20% between 1992 and 2002
- Binghamton-NY only increased + 8.44% between 1992 and 2002
- Utica-Rome-NY only increased + 11.97% between 1992 and 2002
- Syracuse-NY only increased + 14.42% between 1992 and 2002
- Albany-Schenectady-Troy-NY only increased + 15.15% between 1992 and 2002
The worst perfoming MSAs ever for a 11 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 33.11% from 1982 to 1992
- Midland-TX lost - 27.85% from 1983 thru 1993
- Midland-TX lost - 21.51% from 1984 thru 1994
- Odessa-TX lost - 21.17% from 1984 thru 1994
- Lafayette-LA lost - 18.88% from 1982 thru 1992
Zip Code in MSA: 13737 - BIBLE SCHOOL PARK, NY
MSA Pop: 251106Zip Pop: 0
Avg Value: 0
County: BROOME
Elev: 863
Region: Northeast
Lat: 42.08042
Long: -76.09764