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 + 3.06% (+ 0.76% yearly).

All of the property in NY averaged + 27.84% change in value (+ 6.96% 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%
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%
2000 1 103.85 + 0.10% + 0.39%
2000 2 105.45 + 1.54% + 6.16%
2000 3 106.68 + 1.17% + 4.67%
2000 4 106.78 + 0.09% + 0.37%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Alden, New York click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Buffalo Niagara Falls, New York.

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 $97,000.00 in 1997, you could multiply by + 3.06%, add the gain and see the home should be worth $99,967.76 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 1997 to 2000:
+ 0.76%

Appreciation Comparisons

The worst 5 MSAs from 1997 to 2000 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Lewiston-ID-WA, and Midland-TX .

  1. Honolulu-HI decreased by - 1.70% between 1997 and 2000
  2. Williamsport-PA only increased + 2.60% between 1997 and 2000
  3. Buffalo-Niagara-Falls-NY only increased + 3.06% between 1997 and 2000
  4. Lewiston-ID-WA only increased + 3.08% between 1997 and 2000
  5. Midland-TX only increased + 3.25% between 1997 and 2000

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 .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 14004 - ALDEN, NY

MSA Pop: 1159443
Zip Pop: 12241
Avg Value: 99500
County: ERIE
Elev: 583
Region: Northeast
Lat: 42.900552
Long: -78.524452