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 + 2.50% (+ 1.25% yearly).

All of the property in NY averaged + 8.61% change in value (+ 4.30% yearly).

Buffalo-Niagara-Falls-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Lets look at Akron, New York, a city located in Buffalo Niagara Falls, New York MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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

If you knew your Akron, New York home was worth $95,000.00 in 1997, you could multiply by + 2.50%, add the gain and see the home should be worth $97,374.77 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 1997 to 1998:
+ 1.25%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .

  1. Honolulu-HI decreased by - 3.48% between 1997 and 1998
  2. Williamsport-PA decreased by - 0.05% between 1997 and 1998
  3. Ithaca-NY only increased + 1.04% between 1997 and 1998
  4. Utica-Rome-NY only increased + 1.56% between 1997 and 1998
  5. Pittsfield-MA only increased + 2.16% between 1997 and 1998

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

Zip Code in MSA: 14001 - AKRON, NY

MSA Pop: 1159443
Zip Pop: 9289
Avg Value: 93900
County: ERIE
Elev: 583
Region: Northeast
Lat: 43.019552
Long: -78.510341