Appreciation for MSAs:.

Let's start by comparing Cleveland Elyria Mentor, Ohio to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 35.55% (+ 4.44% yearly) for the Cleveland Elyria Mentor, Ohio MSA.

The entire state of OH had + 38.35% appreciation (+ 4.79% yearly). The state average for Ohio was higher than the real estate appreciation in the Cleveland Elyria Mentor, Ohio MSA. This means the conditions in the MSA for real estate investment were worse by + 7.90%.

Cleveland-Elyria-Mentor-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Cleveland Elyria Mentor, Ohio .

Lets look at Amherst, Ohio, a city located in Cleveland Elyria Mentor, Ohio 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 Amherst, Ohio check out Spec-Loan.com

If you were going to do a Amherst, Ohio Refinance, or Amherst, Ohio Reverse Mortgages, you could estimate your home value.

If you knew your Amherst, Ohio home was worth $91,000.00 in 1992, you could multiply by + 35.55%, add the gain and see the home should be worth $123,347.66 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1992 to 1999:
+ 4.44%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1992 to 1999 were Honolulu-HI, Bakersfield-CA, Binghamton-NY, Albany-Schenectady-Troy-NY, and Riverside-San-Bernardino-Ontario-CA .

  1. Honolulu-HI decreased by - 15.17% between 1992 and 1999
  2. Bakersfield-CA decreased by - 5.95% between 1992 and 1999
  3. Binghamton-NY decreased by - 4.68% between 1992 and 1999
  4. Albany-Schenectady-Troy-NY decreased by - 4.58% between 1992 and 1999
  5. Riverside-San-Bernardino-Ontario-CA decreased by - 3.65% between 1992 and 1999

The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .

  1. Midland-TX lost - 34.76% from 1982 to 1989
  2. Midland-TX lost - 32.81% from 1983 thru 1990
  3. Casper-WY lost - 31.76% from 1983 thru 1990
  4. Lafayette-LA lost - 31.61% from 1981 thru 1988
  5. Lafayette-LA lost - 30.68% from 1982 thru 1989

Zip Code in MSA: 44001 - AMHERST, OH

MSA Pop: 2139512
Zip Pop: 20730
Avg Value: 132400
County: LORAIN
Elev: 733
Region: Midwest
Lat: 41.3693
Long: -82.2561