Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Binghamton, New York MSA appreciated - 10.95% (- 5.48% yearly) between 1993 and the end of 1994.

The state of NY had - 2.50% total appreciation (- 1.25% 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 than the state as a whole. The state appreaciated - 77.14% faster than this MSA.

Binghamton-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1993 2 113.35 - 0.04% - 0.18%
1993 3 114.06 + 0.63% + 2.51%
1993 4 114.22 + 0.14% + 0.56%
1994 1 111.32 - 2.54% - 10.16%
1994 2 109.15 - 1.95% - 7.80%
1994 3 102.95 - 5.68% - 22.72%
1994 4 100.98 - 1.91% - 7.65%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a Apalachin, New York Refinance, or Apalachin, New York Reverse Mortgages, you could estimate your home value.

If you knew your Apalachin, New York home was worth $87,000.00 in 1993, you could multiply by - 10.95%, add the gain and see the home should be worth $77,471.43 in 1994. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 1993 to 1994:
- 5.48%

Appreciation Comparisons

The top 5 performing MSAs from 1993 to 1994 were Salt-Lake-City-UT, Fort-Collins-Loveland-CO, Provo-Orem-UT, Ogden-Clearfield-UT, and Greeley-CO .

  1. Salt-Lake-City-UT increased + 30.47% from 1993 to the end of 1994
  2. Fort-Collins-Loveland-CO increased + 28.45% from 1993 to the end of 1994
  3. Provo-Orem-UT increased + 28.10% from 1993 to the end of 1994
  4. Ogden-Clearfield-UT increased + 25.98% from 1993 to the end of 1994
  5. Greeley-CO increased + 25.00% from 1993 to the end of 1994

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: 13732 - APALACHIN, NY

MSA Pop: 251106
Zip Pop: 8380
Avg Value: 88000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.056725
Long: -76.137123