Real Estate Appreciation for Buffalo Niagara Falls, New York: + 8.36%
Appreciation for MSAs:.
Let's start by comparing Buffalo Niagara Falls, New York to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 8.36% (+ 4.18% yearly) for the Buffalo Niagara Falls, New York MSA.
The entire state of NY had + 21.32% appreciation (+ 10.66% yearly).
The state average for New York was higher than the real estate appreciation in the Buffalo Niagara Falls, New York MSA. This means the conditions in the MSA for real estate investment were worse by +155.09%.
Buffalo-Niagara-Falls-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 115.1 | + 0.51% | + 2.03% |
| 2002 | 3 | 116.63 | + 1.33% | + 5.32% |
| 2002 | 4 | 118.01 | + 1.18% | + 4.73% |
| 2003 | 1 | 119.02 | + 0.86% | + 3.42% |
| 2003 | 2 | 120.06 | + 0.87% | + 3.50% |
| 2003 | 3 | 121.8 | + 1.45% | + 5.80% |
| 2003 | 4 | 124.09 | + 1.88% | + 7.52% |
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 $105,000.00 in 2002, you could multiply by + 8.36%, add the gain and see the home should be worth $113,774.45 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2002 to 2003:
+ 4.18%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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