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 + 22.94% (+ 4.59% yearly).

All of the property in NY averaged + 40.11% change in value (+ 8.02% yearly).

Binghamton-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1998-2001 Quarterly Detailed Appreciation


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 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 $98,000.00 in 1997, you could multiply by + 22.94%, add the gain and see the home should be worth $120,479.46 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 1997 to 2001:
+ 4.59%

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 1997 to 2001 were Santa-Cruz-Watsonville-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Salinas-CA, Santa-Rosa-Petaluma-CA, and Barnstable-Town-MA .

  1. Santa-Cruz-Watsonville-CA increased + 85.74% from 1997 to the end of 2001
  2. San-Jose-Sunnyvale-Santa-Clara-CA increased + 84.16% from 1997 to the end of 2001
  3. Salinas-CA increased + 77.44% from 1997 to the end of 2001
  4. Santa-Rosa-Petaluma-CA increased + 75.85% from 1997 to the end of 2001
  5. Barnstable-Town-MA increased + 75.70% from 1997 to the end of 2001

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