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 + 38.57% (+ 7.71% yearly) for the Binghamton, New York MSA.

The entire state of NY had + 60.74% appreciation (+ 12.15% 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 + 57.48%.

Binghamton-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Binghamton-NY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New York, you can do some research at 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 $108,000.00 in 2002, you could multiply by + 38.57%, add the gain and see the home should be worth $149,659.77 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 2002 to 2006:
+ 7.71%

Appreciation Comparisons

The worst 5 MSAs from 2002 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .

  1. Kokomo-IN only increased + 4.72% between 2002 and 2006
  2. Anderson-IN only increased + 6.47% between 2002 and 2006
  3. Lafayette-IN only increased + 6.55% between 2002 and 2006
  4. Saginaw-Saginaw-Township-North-MI only increased + 8.62% between 2002 and 2006
  5. Muncie-IN only increased + 8.71% between 2002 and 2006

For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
  2. Worcester-MA increased +138.82% from 1982 thru 1986
  3. Fresno-CA increased +137.23% from 2001 thru 2005
  4. Madera-CA increased +136.99% from 2001 thru 2005
  5. Yuba-City-CA increased +136.08% from 2001 thru 2005

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

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