Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 72.41%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Cleveland Elyria Mentor, Ohio did compared to the state as a whole.
The Cleveland Elyria Mentor, Ohio MSA property value change was + 72.41% (+ 6.03% yearly).
All of the property in OH averaged + 82.45% change in value (+ 6.87% yearly).
Cleveland-Elyria-Mentor-OH
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1985-1988 Quarterly Detailed Appreciation
1982-1985 Quarterly Detailed Appreciation
1979-1982 Quarterly Detailed Appreciation
Lets look at Burton, Ohio, a city located in Cleveland Elyria Mentor, Ohio MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Burton, Ohio Refinance, or Burton, Ohio Reverse Mortgages, you could estimate your home value.
If you knew your Burton, Ohio home was worth $65,000.00 in 1977, you could multiply by + 72.41%, add the gain and see the home should be worth $112,063.75 in 1988. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1977 to 1988:
+ 6.03%
Appreciation Comparisons
The worst 5 MSAs from 1977 to 1988 were Houston-Sugar-Land-Baytown-TX, Wichita-KS, Portland-Vancouver-Beaverton-OR-WA, Pittsburgh-PA, and Cleveland-Elyria-Mentor-OH .
- Houston-Sugar-Land-Baytown-TX only increased + 42.96% between 1977 and 1988
- Wichita-KS only increased + 63.14% between 1977 and 1988
- Portland-Vancouver-Beaverton-OR-WA only increased + 65.06% between 1977 and 1988
- Pittsburgh-PA only increased + 71.02% between 1977 and 1988
- Cleveland-Elyria-Mentor-OH only increased + 72.41% between 1977 and 1988
For a 12 year period, the top 5 performing MSAs of all time are Oxnard-Thousand-Oaks-Ventura-CA, Bridgeport-Stamford-Norwalk-CT, San-Jose-Sunnyvale-Santa-Clara-CA, Providence-New-Bedford-Fall-River-RI-MA, and San-Jose-Sunnyvale-Santa-Clara-CA .
- Oxnard-Thousand-Oaks-Ventura-CA increased +288.32% from 1977 thru 1988
- Bridgeport-Stamford-Norwalk-CT increased +284.24% from 1977 thru 1988
- San-Jose-Sunnyvale-Santa-Clara-CA increased +270.45% from 1977 thru 1988
- Providence-New-Bedford-Fall-River-RI-MA increased +269.41% from 1977 thru 1988
- San-Jose-Sunnyvale-Santa-Clara-CA increased +267.22% from 1978 thru 1989
The worst perfoming MSAs ever for a 12 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 29.95% from 1982 to 1993
- Midland-TX lost - 27.35% from 1983 thru 1994
- Midland-TX lost - 18.42% from 1984 thru 1995
- Odessa-TX lost - 17.39% from 1984 thru 1995
- Lafayette-LA lost - 14.77% from 1982 thru 1993
Zip Code in MSA: 44021 - BURTON, OH
MSA Pop: 2139512Zip Pop: 6804
Avg Value: 148200
County: GEAUGA
Elev: 1230
Region: Midwest
Lat: 41.451466
Long: -81.158418