Real Estate Appreciation for Buffalo Niagara Falls, New York: + 16.83%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Buffalo Niagara Falls, New York MSA appreciated + 16.83% (+ 5.61% yearly) between 2003 and the end of 2005.
The state of NY had + 40.36% total appreciation (+ 13.45% 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 than the state as a whole. The state appreaciated +139.80% faster than this MSA.
Buffalo-Niagara-Falls-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 120.06 | + 0.87% | + 3.50% |
| 2003 | 3 | 121.8 | + 1.45% | + 5.80% |
| 2003 | 4 | 124.09 | + 1.88% | + 7.52% |
| 2004 | 1 | 125.19 | + 0.89% | + 3.55% |
| 2004 | 2 | 127.64 | + 1.96% | + 7.83% |
| 2004 | 3 | 129.59 | + 1.53% | + 6.11% |
| 2004 | 4 | 131.46 | + 1.44% | + 5.77% |
| 2005 | 1 | 133.57 | + 1.61% | + 6.42% |
| 2005 | 2 | 133.97 | + 0.30% | + 1.20% |
| 2005 | 3 | 138.12 | + 3.10% | + 12.39% |
| 2005 | 4 | 139.05 | + 0.67% | + 2.69% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $108,000.00 in 2003, you could multiply by + 16.83%, add the gain and see the home should be worth $126,175.43 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2003 to 2005:
+ 5.61%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005
In contrast, the worst 5 MSAs from 2003 to 2005 were Burlington-NC, Lafayette-IN, Jonesboro-AR, Anderson-IN, and Rocky-Mount-NC .
- Burlington-NC only increased + 3.06% between 2003 and 2005
- Lafayette-IN only increased + 4.69% between 2003 and 2005
- Jonesboro-AR only increased + 5.04% between 2003 and 2005
- Anderson-IN only increased + 5.16% between 2003 and 2005
- Rocky-Mount-NC only increased + 5.82% between 2003 and 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