Real Estate Appreciation for Buffalo Niagara Falls, New York: + 26.24%
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 + 26.24% (+ 5.25% yearly) for the Buffalo Niagara Falls, New York MSA.
The entire state of NY had + 60.74% appreciation (+ 12.15% 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 +131.50%.
Buffalo-Niagara-Falls-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
Lets look at Alden, New York, a city located in Buffalo Niagara Falls, New York MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
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 $108,000.00 in 2002, you could multiply by + 26.24%, add the gain and see the home should be worth $136,339.15 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2002 to 2006:
+ 5.25%
Appreciation Comparisons
For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
- Worcester-MA increased +138.82% from 1982 thru 1986
- Fresno-CA increased +137.23% from 2001 thru 2005
- Madera-CA increased +136.99% from 2001 thru 2005
- Yuba-City-CA increased +136.08% from 2001 thru 2005
Zip Code in MSA: 14004 - ALDEN, NY
MSA Pop: 1159443Zip Pop: 12241
Avg Value: 99500
County: ERIE
Elev: 583
Region: Northeast
Lat: 42.900552
Long: -78.524452