Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Binghamton, New York MSA appreciation it was - 3.36% (- 0.67% yearly) from 1994 to 1998.

During the same time period, NY had + 7.57% (+ 1.51% yearly). From 1994 to 1998, New York outperformed the individual Binghamton, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Binghamton-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1995-1998 Quarterly Detailed Appreciation


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 Berkshire, 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 Binghamton, New York.

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

If you knew your Berkshire, New York home was worth $92,000.00 in 1994, you could multiply by - 3.36%, add the gain and see the home should be worth $88,909.09 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 1994 to 1998:
- 0.67%

Appreciation Comparisons

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

The top 5 performing MSAs from 1994 to 1998 were Ogden-Clearfield-UT, Salt-Lake-City-UT, Provo-Orem-UT, Pueblo-CO, and Portland-Vancouver-Beaverton-OR-WA .

  1. Ogden-Clearfield-UT increased + 47.64% from 1994 to the end of 1998
  2. Salt-Lake-City-UT increased + 47.33% from 1994 to the end of 1998
  3. Provo-Orem-UT increased + 44.17% from 1994 to the end of 1998
  4. Pueblo-CO increased + 41.37% from 1994 to the end of 1998
  5. Portland-Vancouver-Beaverton-OR-WA increased + 40.97% from 1994 to the end of 1998

Zip Code in MSA: 13736 - BERKSHIRE, NY

MSA Pop: 251106
Zip Pop: 2342
Avg Value: 64900
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.3138
Long: -76.19064