Appreciation for MSAs:.

Let's start by comparing Binghamton, New York to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 3.99% (+ 2.00% yearly) for the Binghamton, New York MSA.

The entire state of NY had + 21.32% appreciation (+ 10.66% yearly). The state average for New York was higher than the real estate appreciation in the Binghamton, New York MSA. This means the conditions in the MSA for real estate investment were worse by +434.10%.

Binghamton-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 124.07 + 0.65% + 2.60%
2002 3 123.24 - 0.67% - 2.68%
2002 4 125.04 + 1.46% + 5.84%
2003 1 127.53 + 1.99% + 7.97%
2003 2 126.62 - 0.71% - 2.85%
2003 3 126.62 + 0.00% + 0.00%
2003 4 128.19 + 1.24% + 4.96%


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 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 $105,000.00 in 2002, you could multiply by + 3.99%, add the gain and see the home should be worth $109,190.80 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 2002 to 2003:
+ 2.00%

Appreciation Comparisons

The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .

  1. Fresno-CA increased + 36.89% from 2002 to the end of 2003
  2. Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
  3. Chico-CA increased + 35.05% from 2002 to the end of 2003
  4. Madera-CA increased + 34.32% from 2002 to the end of 2003
  5. Redding-CA increased + 34.01% from 2002 to the end of 2003

In contrast, the worst 5 MSAs from 2002 to 2003 were Ogden-Clearfield-UT, Lafayette-IN, Fayetteville-NC, Logan-UT-ID, and Provo-Orem-UT .

  1. Ogden-Clearfield-UT only increased + 1.57% between 2002 and 2003
  2. Lafayette-IN only increased + 2.02% between 2002 and 2003
  3. Fayetteville-NC only increased + 2.05% between 2002 and 2003
  4. Logan-UT-ID only increased + 2.05% between 2002 and 2003
  5. Provo-Orem-UT only increased + 2.06% between 2002 and 2003

Zip Code in MSA: 13732 - APALACHIN, NY

MSA Pop: 251106
Zip Pop: 8380
Avg Value: 88000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.056725
Long: -76.137123