Real Estate Appreciation for Binghamton, New York: + 7.58%
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 + 7.58% (+ 1.89% yearly).
All of the property in NY averaged + 12.39% change in value (+ 3.10% 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% |
| 1997 | 1 | 97.61 | + 1.11% | + 4.43% |
| 1997 | 2 | 99.27 | + 1.70% | + 6.80% |
| 1997 | 3 | 99.87 | + 0.60% | + 2.42% |
| 1997 | 4 | 100.52 | + 0.65% | + 2.60% |
| 1998 | 1 | 104.24 | + 3.70% | + 14.80% |
| 1998 | 2 | 105.94 | + 1.63% | + 6.52% |
| 1998 | 3 | 107.2 | + 1.19% | + 4.76% |
| 1998 | 4 | 107.58 | + 0.35% | + 1.42% |
Lets look at Barton, New York, a city located in Binghamton, New York MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Barton, New York Refinance, or Barton, New York Reverse Mortgages, you could estimate your home value.
If you knew your Barton, New York home was worth $93,000.00 in 1995, you could multiply by + 7.58%, add the gain and see the home should be worth $100,049.40 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1995 to 1998:
+ 1.89%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
- Bay-City-MI increased + 32.31% from 1995 to the end of 1998
- Jackson-MI increased + 31.57% from 1995 to the end of 1998
- Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
- Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998
Zip Code in MSA: 13734 - BARTON, NY
MSA Pop: 251106Zip Pop: 2511
Avg Value: 65000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.077464
Long: -76.406476