Real Estate Appreciation for Buffalo Niagara Falls, New York: + 6.20%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Buffalo Niagara Falls, New York did compared to the state as a whole.
The Buffalo Niagara Falls, New York MSA property value change was + 6.20% (+ 1.55% yearly).
All of the property in NY averaged + 12.39% change in value (+ 3.10% yearly).
Buffalo-Niagara-Falls-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 101.64 | + 1.64% | + 6.56% |
| 1995 | 3 | 103.35 | + 1.68% | + 6.73% |
| 1995 | 4 | 103.99 | + 0.62% | + 2.48% |
| 1996 | 1 | 106.24 | + 2.16% | + 8.65% |
| 1996 | 2 | 104.44 | - 1.69% | - 6.78% |
| 1996 | 3 | 102.88 | - 1.49% | - 5.97% |
| 1996 | 4 | 102.87 | - 0.01% | - 0.04% |
| 1997 | 1 | 103.61 | + 0.72% | + 2.88% |
| 1997 | 2 | 102.22 | - 1.34% | - 5.37% |
| 1997 | 3 | 103.42 | + 1.17% | + 4.70% |
| 1997 | 4 | 103.92 | + 0.48% | + 1.93% |
| 1998 | 1 | 106.4 | + 2.39% | + 9.55% |
| 1998 | 2 | 105.38 | - 0.96% | - 3.83% |
| 1998 | 3 | 105.3 | - 0.08% | - 0.30% |
| 1998 | 4 | 106.2 | + 0.85% | + 3.42% |
Some of the ways peope use our appreciation data for Buffalo Niagara Falls, New York include real estate investment .
Lets look at Alden, New York, a city located in Buffalo Niagara Falls, New York MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in New York check out Spec-Loan.com
If you were going to do a Alden, New York Refinance, or Alden, New York Reverse Mortgages, you could estimate your home value.
If you knew your Alden, New York home was worth $93,000.00 in 1995, you could multiply by + 6.20%, add the gain and see the home should be worth $98,766.00 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 1995 to 1998:
+ 1.55%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
- Bay-City-MI increased + 32.31% from 1995 to the end of 1998
- Jackson-MI increased + 31.57% from 1995 to the end of 1998
- Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
- Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998
In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .
- Honolulu-HI decreased by - 13.12% between 1995 and 1998
- Utica-Rome-NY only increased + 0.14% between 1995 and 1998
- Madera-CA only increased + 2.89% between 1995 and 1998
- Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
- Redding-CA only increased + 4.10% between 1995 and 1998
Zip Code in MSA: 14004 - ALDEN, NY
MSA Pop: 1159443Zip Pop: 12241
Avg Value: 99500
County: ERIE
Elev: 583
Region: Northeast
Lat: 42.900552
Long: -78.524452