Real Estate Appreciation for Binghamton, New York: + 6.96%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Binghamton, New York: + 6.96%
- State of NY: + 7.05%
- Difference: - 1.31%
Binghamton-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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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 $94,000.00 in 1996, you could multiply by + 6.96%, add the gain and see the home should be worth $100,542.06 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1996 to 1998:
+ 2.32%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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