Real Estate Appreciation for Binghamton, New York: + 33.94%
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 + 33.94% (+ 8.49% yearly) between 2003 and the end of 2006.
The state of NY had + 44.87% total appreciation (+ 11.22% 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 + 32.19% faster than this MSA.
Binghamton-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 158.46 | + 3.81% | + 15.25% |
| 2006 | 2 | 159.92 | + 0.92% | + 3.69% |
| 2006 | 3 | 165.74 | + 3.64% | + 14.56% |
| 2006 | 4 | 170.82 | + 3.07% | + 12.26% |
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 $109,000.00 in 2003, you could multiply by + 33.94%, add the gain and see the home should be worth $146,000.00 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 2003 to 2006:
+ 8.49%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2006 were Bakersfield-CA, Visalia-Porterville-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +110.89% from 2003 to the end of 2006
- Visalia-Porterville-CA increased +101.32% from 2003 to the end of 2006
- Madera-CA increased +100.36% from 2003 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +100.03% from 2003 to the end of 2006
- Naples-Marco-Island-FL increased + 99.23% from 2003 to the end of 2006
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
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