Real Estate Appreciation for Binghamton, New York: + 23.83%
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 + 23.83% (+ 5.96% yearly) for the Binghamton, New York MSA.
The entire state of NY had + 55.73% appreciation (+ 13.93% 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 +133.92%.
Binghamton-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 131.11 | + 2.28% | + 9.11% |
| 2004 | 2 | 130.72 | - 0.30% | - 1.19% |
| 2004 | 3 | 136.65 | + 4.54% | + 18.15% |
| 2004 | 4 | 131.55 | - 3.73% | - 14.93% |
| 2005 | 1 | 139.22 | + 5.83% | + 23.32% |
| 2005 | 2 | 146.24 | + 5.04% | + 20.17% |
| 2005 | 3 | 152.68 | + 4.40% | + 17.61% |
| 2005 | 4 | 152.64 | - 0.03% | - 0.10% |
There are a lot of ways to use the appreciation data for Binghamton, New York .
Lets look at Barton, 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 Barton, New York check out Spec-Loan.com
If you were going to do a Barton, New York Refinance, or Barton, New York Reverse Mortgages, you could estimate your home value.
If you knew your Barton, New York home was worth $107,000.00 in 2002, you could multiply by + 23.83%, add the gain and see the home should be worth $132,493.55 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 2002 to 2005:
+ 5.96%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 13734 - BARTON, NY
MSA Pop: 251106Zip Pop: 2511
Avg Value: 65000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.077464
Long: -76.406476