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 + 28.10% (+ 4.68% yearly).

All of the property in NY averaged + 55.91% change in value (+ 9.32% yearly).

Binghamton-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1999-2002 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Binghamton, New York .

Lets look at Berkshire, New York, a city located in Binghamton, New York MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Berkshire, New York check out Spec-Loan.com

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 $99,000.00 in 1997, you could multiply by + 28.10%, add the gain and see the home should be worth $126,820.61 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 1997 to 2002:
+ 4.68%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 2002 were Lewiston-ID-WA, Springfield-IL, Williamsport-PA, Midland-TX, and Wenatchee-WA .

  1. Lewiston-ID-WA only increased + 9.69% between 1997 and 2002
  2. Springfield-IL only increased + 10.64% between 1997 and 2002
  3. Williamsport-PA only increased + 12.13% between 1997 and 2002
  4. Midland-TX only increased + 12.35% between 1997 and 2002
  5. Wenatchee-WA only increased + 12.35% between 1997 and 2002

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

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