Real Estate Appreciation for Buffalo Niagara Falls, New York: + 11.07%
Appreciation for MSAs:.
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 + 11.07% (+ 5.54% yearly) from 2004 to 2005.
During the same time period, NY had + 25.79% (+ 12.90% yearly).
From 2004 to 2005, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $109,000.00 in 2004, you could multiply by + 11.07%, add the gain and see the home should be worth $121,067.58 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2004 to 2005:
+ 5.54%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2005 were 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 to the end of 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
- Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 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