Real Estate Appreciation for Buffalo Niagara Falls, New York: + 15.48%
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 + 15.48% (+ 5.16% yearly) from 2004 to 2006.
During the same time period, NY had + 29.84% (+ 9.95% yearly).
From 2004 to 2006, 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% |
| 2006 | 1 | 139.94 | + 0.64% | + 2.56% |
| 2006 | 2 | 140.67 | + 0.52% | + 2.09% |
| 2006 | 3 | 142.02 | + 0.96% | + 3.84% |
| 2006 | 4 | 144.57 | + 1.80% | + 7.18% |
Some of the ways peope use our appreciation data for Buffalo Niagara Falls, New York include real estate investment .
Lets look at Akron, New York, a city located in Buffalo Niagara Falls, New York MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $110,000.00 in 2004, you could multiply by + 15.48%, add the gain and see the home should be worth $127,028.52 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2004 to 2006:
+ 5.16%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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