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 + 7.14% (+ 3.57% yearly) for the period between 2001 and the end of 2002.

The state had + 19.08% total appreciation (+ 9.54% 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 +167.44% faster than this MSA.

Buffalo-Niagara-Falls-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


There are a lot of ways to use the appreciation data for Buffalo Niagara Falls, New York .

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

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Akron, 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 $103,000.00 in 2001, you could multiply by + 7.14%, add the gain and see the home should be worth $110,349.80 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2001 to 2002:
+ 3.57%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. 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