Real Estate Appreciation for Buffalo Niagara Falls, New York: + 6.17%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Buffalo Niagara Falls, New York MSA appreciated + 6.17% (+ 2.06% yearly) for the period between 1999 and the end of 2001.
The state had + 27.75% total appreciation (+ 9.25% yearly).
The state average for New York was higher than the real estate appreciation in the Buffalo Niagara Falls, New York MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +350.02% faster than this MSA.
Buffalo-Niagara-Falls-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2001 | 1 | 110.15 | + 3.16% | + 12.62% |
| 2001 | 2 | 110.87 | + 0.65% | + 2.61% |
| 2001 | 3 | 111.83 | + 0.87% | + 3.46% |
| 2001 | 4 | 113.3 | + 1.31% | + 5.26% |
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 Akron, 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 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 $100,000.00 in 1999, you could multiply by + 6.17%, add the gain and see the home should be worth $106,165.67 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 1999 to 2001:
+ 2.06%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2001 were Salinas-CA, Santa-Rosa-Petaluma-CA, Vallejo-Fairfield-CA, Barnstable-Town-MA, and Santa-Cruz-Watsonville-CA .
- Salinas-CA increased + 55.48% from 1999 to the end of 2001
- Santa-Rosa-Petaluma-CA increased + 53.43% from 1999 to the end of 2001
- Vallejo-Fairfield-CA increased + 52.75% from 1999 to the end of 2001
- Barnstable-Town-MA increased + 51.91% from 1999 to the end of 2001
- Santa-Cruz-Watsonville-CA increased + 51.50% from 1999 to the end of 2001
In contrast, the worst 5 MSAs from 1999 to 2001 were Lawton-OK, Coeur-d'Alene-ID, Ogden-Clearfield-UT, Midland-TX, and Wenatchee-WA .
- Lawton-OK only increased + 2.84% between 1999 and 2001
- Coeur-d'Alene-ID only increased + 3.13% between 1999 and 2001
- Ogden-Clearfield-UT only increased + 4.00% between 1999 and 2001
- Midland-TX only increased + 4.01% between 1999 and 2001
- Wenatchee-WA only increased + 4.09% between 1999 and 2001
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