Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Buffalo Niagara Falls, New York MSA appreciation it was + 13.64% (+ 4.55% yearly) from 2000 to 2002.

During the same time period, NY had + 31.17% (+ 10.39% yearly). From 2000 to 2002, New York outperformed the individual Buffalo Niagara Falls, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Buffalo-Niagara-Falls-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2002 1 114.52 + 1.08% + 4.31%
2002 2 115.1 + 0.51% + 2.03%
2002 3 116.63 + 1.33% + 5.32%
2002 4 118.01 + 1.18% + 4.73%


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Buffalo-Niagara-Falls-NY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New York, you can do some research at 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 $102,000.00 in 2000, you could multiply by + 13.64%, add the gain and see the home should be worth $115,907.75 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2000 to 2002:
+ 4.55%

Appreciation Comparisons

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

The top 5 performing MSAs from 2000 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Modesto-CA, Vallejo-Fairfield-CA, and Napa-CA .

  1. Barnstable-Town-MA increased + 49.98% from 2000 to the end of 2002
  2. San-Luis-Obispo-Paso-Robles-CA increased + 47.67% from 2000 to the end of 2002
  3. Modesto-CA increased + 47.60% from 2000 to the end of 2002
  4. Vallejo-Fairfield-CA increased + 46.66% from 2000 to the end of 2002
  5. Napa-CA increased + 45.33% from 2000 to the end of 2002

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