Real Estate Appreciation for Binghamton, New York: + 56.38%
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 + 56.38% (+ 6.26% yearly).
All of the property in NY averaged +123.87% change in value (+ 13.76% yearly).
Binghamton-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Binghamton, New York include real estate investment .
Lets look at Berkshire, New York, a city located in Binghamton, New York MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $102,000.00 in 1997, you could multiply by + 56.38%, add the gain and see the home should be worth $159,504.97 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1997 to 2005:
+ 6.26%
Appreciation Comparisons
For a 9 year period, the top 5 performing MSAs of all time are Salinas-CA, Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, and San-Diego-Carlsbad-San-Marcos-CA .
- Salinas-CA increased +251.65% from 1997 thru 2005
- Salinas-CA increased +229.40% from 1998 thru 2006
- Springfield-MA increased +229.07% from 1981 thru 1989
- Naples-Marco-Island-FL increased +227.32% from 1998 thru 2006
- San-Diego-Carlsbad-San-Marcos-CA increased +218.50% from 1997 thru 2005
The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .
- Midland-TX lost - 34.76% from 1982 to 1990
- Midland-TX lost - 32.77% from 1983 thru 1991
- Lafayette-LA lost - 26.59% from 1982 thru 1990
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
Zip Code in MSA: 13736 - BERKSHIRE, NY
MSA Pop: 251106Zip Pop: 2342
Avg Value: 64900
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.3138
Long: -76.19064