Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Binghamton, New York MSA appreciated + 3.15% (+ 1.58% yearly) between 2003 and the end of 2004.

The state of NY had + 23.79% total appreciation (+ 11.90% 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 than the state as a whole. The state appreaciated +654.73% faster than this MSA.

Binghamton-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Apalachin, New York click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Binghamton, New York.

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 $107,000.00 in 2003, you could multiply by + 3.15%, add the gain and see the home should be worth $110,372.85 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 2003 to 2004:
+ 1.58%

Appreciation Comparisons

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .

  1. Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
  2. Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
  3. Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
  4. Madera-CA increased + 48.31% from 2003 to the end of 2004
  5. Fresno-CA increased + 47.99% from 2003 to the end of 2004

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