Real Estate Appreciation for Canton Massillon, Ohio: + 11.89%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Canton Massillon, Ohio MSA appreciated + 11.89% (+ 2.97% yearly) for the period between 2001 and the end of 2004.
The state had + 14.63% total appreciation (+ 3.66% yearly).
The state average for Ohio was higher than the real estate appreciation in the Canton Massillon, Ohio MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 23.04% faster than this MSA.
Canton-Massillon-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 137.04 | + 0.39% | + 1.55% |
| 2001 | 3 | 138.41 | + 1.00% | + 4.00% |
| 2001 | 4 | 140.28 | + 1.35% | + 5.40% |
| 2002 | 1 | 141.46 | + 0.84% | + 3.36% |
| 2002 | 2 | 141.09 | - 0.26% | - 1.05% |
| 2002 | 3 | 143.99 | + 2.06% | + 8.22% |
| 2002 | 4 | 144.32 | + 0.23% | + 0.92% |
| 2003 | 1 | 146.18 | + 1.29% | + 5.16% |
| 2003 | 2 | 147.77 | + 1.09% | + 4.35% |
| 2003 | 3 | 147.95 | + 0.12% | + 0.49% |
| 2003 | 4 | 149.68 | + 1.17% | + 4.68% |
| 2004 | 1 | 151.27 | + 1.06% | + 4.25% |
| 2004 | 2 | 151.18 | - 0.06% | - 0.24% |
| 2004 | 3 | 150.73 | - 0.30% | - 1.19% |
| 2004 | 4 | 152.74 | + 1.33% | + 5.33% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Canton-Massillon-OH here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Ohio, you can do some research at Spec-Loan.com.
If you were going to do a Augusta, Ohio Refinance, or Augusta, Ohio Reverse Mortgages, you could estimate your home value.
If you knew your Augusta, Ohio home was worth $105,000.00 in 2001, you could multiply by + 11.89%, add the gain and see the home should be worth $117,483.70 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Canton-Massillon-OH from 2001 to 2004:
+ 2.97%
Appreciation Comparisons
The worst 5 MSAs from 2001 to 2004 were Ogden-Clearfield-UT, Jackson-TN, Austin-Round-Rock-TX, Provo-Orem-UT, and Columbus-IN .
- Ogden-Clearfield-UT only increased + 5.61% between 2001 and 2004
- Jackson-TN only increased + 5.91% between 2001 and 2004
- Austin-Round-Rock-TX only increased + 5.99% between 2001 and 2004
- Provo-Orem-UT only increased + 6.69% between 2001 and 2004
- Columbus-IN only increased + 7.56% between 2001 and 2004
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 44607 - AUGUSTA, OH
MSA Pop: 407118Zip Pop: 0
Avg Value: 0
County: CARROLL
Elev: 1130
Region: Midwest
Lat: 40.681877
Long: -81.019704