Real Estate Appreciation for Binghamton, New York: - 3.46%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Binghamton, New York did compared to the state as a whole.
The Binghamton, New York MSA property value change was - 3.46% (- 1.73% yearly).
All of the property in NY averaged + 3.47% change in value (+ 1.74% yearly).
Binghamton-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 99.82 | - 0.18% | - 0.72% |
| 1995 | 3 | 100.9 | + 1.08% | + 4.33% |
| 1995 | 4 | 101.9 | + 0.99% | + 3.96% |
| 1996 | 1 | 100.58 | - 1.30% | - 5.18% |
| 1996 | 2 | 99.45 | - 1.12% | - 4.49% |
| 1996 | 3 | 96.86 | - 2.60% | - 10.42% |
| 1996 | 4 | 96.54 | - 0.33% | - 1.32% |
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 Apalachin, 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 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 $91,000.00 in 1995, you could multiply by - 3.46%, add the gain and see the home should be worth $87,851.40 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1995 to 1996:
- 1.73%
Appreciation Comparisons
The worst 5 MSAs from 1995 to 1996 were Honolulu-HI, Cumberland-MD-WV, Utica-Rome-NY, Binghamton-NY, and Madera-CA .
- Honolulu-HI decreased by - 7.92% between 1995 and 1996
- Cumberland-MD-WV decreased by - 4.44% between 1995 and 1996
- Utica-Rome-NY decreased by - 4.03% between 1995 and 1996
- Binghamton-NY decreased by - 3.46% between 1995 and 1996
- Madera-CA decreased by - 3.21% between 1995 and 1996
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
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 13732 - APALACHIN, NY
MSA Pop: 251106Zip Pop: 8380
Avg Value: 88000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.056725
Long: -76.137123