Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Buffalo Niagara Falls, New York did compared to the state as a whole.

The Buffalo Niagara Falls, New York MSA property value change was + 8.24% (+ 4.12% yearly).

All of the property in NY averaged + 13.83% change in value (+ 6.91% yearly).

Buffalo-Niagara-Falls-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $111,000.00 in 2005, you could multiply by + 8.24%, add the gain and see the home should be worth $120,141.27 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Buffalo-Niagara-Falls-NY from 2005 to 2006:
+ 4.12%

Appreciation Comparisons

The worst 5 MSAs from 2005 to 2006 were Saginaw-Saginaw-Township-North-MI, Flint-MI, Kokomo-IN, Muncie-IN, and Ann-Arbor-MI .

  1. Saginaw-Saginaw-Township-North-MI decreased by - 3.27% between 2005 and 2006
  2. Flint-MI decreased by - 1.05% between 2005 and 2006
  3. Kokomo-IN decreased by - 1.00% between 2005 and 2006
  4. Muncie-IN only increased + 0.20% between 2005 and 2006
  5. Ann-Arbor-MI only increased + 0.22% between 2005 and 2006

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 .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 14001 - AKRON, NY

MSA Pop: 1159443
Zip Pop: 9289
Avg Value: 93900
County: ERIE
Elev: 583
Region: Northeast
Lat: 43.019552
Long: -78.510341