Appreciation for MSAs:.

Let's start by comparing Buffalo Niagara Falls, 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 + 39.05% (+ 2.79% yearly) for the Buffalo Niagara Falls, New York MSA.

The entire state of NY had +121.46% appreciation (+ 8.68% yearly). The state average for New York was higher than the real estate appreciation in the Buffalo Niagara Falls, New York MSA. This means the conditions in the MSA for real estate investment were worse by +211.02%.

Buffalo-Niagara-Falls-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation


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If you were going to do a Chaffee, New York Refinance, or Chaffee, New York Reverse Mortgages, you could estimate your home value.

If you knew your Chaffee, New York home was worth $97,000.00 in 1992, you could multiply by + 39.05%, add the gain and see the home should be worth $134,878.50 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 1992 to 2005:
+ 2.79%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1992 to 2005 were Binghamton-NY, Rochester-NY, Elmira-NY, Utica-Rome-NY, and Syracuse-NY .

  1. Binghamton-NY only increased + 32.37% between 1992 and 2005
  2. Rochester-NY only increased + 32.70% between 1992 and 2005
  3. Elmira-NY only increased + 36.26% between 1992 and 2005
  4. Utica-Rome-NY only increased + 38.12% between 1992 and 2005
  5. Syracuse-NY only increased + 38.97% between 1992 and 2005

The worst perfoming MSAs ever for a 14 year period, were Midland-TX, Midland-TX, Odessa-TX, Midland-TX, and Midland-TX .

  1. Midland-TX lost - 26.68% from 1982 to 1995
  2. Midland-TX lost - 24.58% from 1983 thru 1996
  3. Odessa-TX lost - 17.25% from 1984 thru 1997
  4. Midland-TX lost - 13.75% from 1984 thru 1997
  5. Midland-TX lost - 6.03% from 1986 thru 1999

Zip Code in MSA: 14030 - CHAFFEE, NY

MSA Pop: 1159443
Zip Pop: 1617
Avg Value: 88000
County: ERIE
Elev: 583
Region: Northeast
Lat: 42.569479
Long: -78.503361