Real Estate Appreciation for Buffalo Niagara Falls, New York: + 0.14%
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 + 0.14% (+ 0.05% yearly).
All of the property in NY averaged + 16.87% change in value (+ 5.62% yearly).
Buffalo-Niagara-Falls-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 106.72 | + 0.49% | + 1.96% |
| 1999 | 2 | 105.39 | - 1.25% | - 4.99% |
| 1999 | 3 | 104.29 | - 1.04% | - 4.17% |
| 1999 | 4 | 103.75 | - 0.52% | - 2.07% |
Some of the ways peope use our appreciation data for Buffalo Niagara Falls, New York include real estate investment .
Lets look at Akron, 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 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 $96,000.00 in 1997, you could multiply by + 0.14%, add the gain and see the home should be worth $96,129.72 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 1997 to 1999:
+ 0.05%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .
- Honolulu-HI decreased by - 5.64% between 1997 and 1999
- Williamsport-PA decreased by - 0.53% between 1997 and 1999
- Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
- Ithaca-NY only increased + 0.26% between 1997 and 1999
- Reading-PA only increased + 1.79% between 1997 and 1999
Zip Code in MSA: 14001 - AKRON, NY
MSA Pop: 1159443Zip Pop: 9289
Avg Value: 93900
County: ERIE
Elev: 583
Region: Northeast
Lat: 43.019552
Long: -78.510341