Real Estate Appreciation for Binghamton, New York: + 19.95%
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: + 19.95%
- State of NY: + 47.68%
- Difference: - 58.15%
Binghamton-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
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 $100,000.00 in 1998, you could multiply by + 19.95%, add the gain and see the home should be worth $119,953.95 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1998 to 2002:
+ 3.99%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1998 to 2002 were Midland-TX, Lewiston-ID-WA, Springfield-IL, Fayetteville-NC, and Columbus-IN .
- Midland-TX only increased + 7.60% between 1998 and 2002
- Lewiston-ID-WA only increased + 7.99% between 1998 and 2002
- Springfield-IL only increased + 8.47% between 1998 and 2002
- Fayetteville-NC only increased + 8.72% between 1998 and 2002
- Columbus-IN only increased + 8.79% between 1998 and 2002
The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .
- Casper-WY lost - 42.34% from 1983 to 1987
- Lafayette-LA lost - 39.59% from 1983 thru 1987
- Lafayette-LA lost - 37.20% from 1984 thru 1988
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
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