Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 17.06%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Cleveland Elyria Mentor, Ohio MSA appreciated + 17.06% (+ 4.26% yearly) between 1993 and the end of 1996.
The state of OH had + 18.69% total appreciation (+ 4.67% 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 than the state as a whole. The state appreaciated + 9.58% faster than this MSA.
Cleveland-Elyria-Mentor-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 94 | + 1.10% | + 4.39% |
| 1993 | 3 | 95.17 | + 1.24% | + 4.98% |
| 1993 | 4 | 96.79 | + 1.70% | + 6.81% |
| 1994 | 1 | 97.4 | + 0.63% | + 2.52% |
| 1994 | 2 | 98.55 | + 1.18% | + 4.72% |
| 1994 | 3 | 98.81 | + 0.26% | + 1.06% |
| 1994 | 4 | 100.18 | + 1.39% | + 5.55% |
| 1995 | 1 | 100 | - 0.18% | - 0.72% |
| 1995 | 2 | 102.25 | + 2.25% | + 9.00% |
| 1995 | 3 | 104.33 | + 2.03% | + 8.14% |
| 1995 | 4 | 105.64 | + 1.26% | + 5.02% |
| 1996 | 1 | 107.7 | + 1.95% | + 7.80% |
| 1996 | 2 | 107.9 | + 0.19% | + 0.74% |
| 1996 | 3 | 108.48 | + 0.54% | + 2.15% |
| 1996 | 4 | 108.84 | + 0.33% | + 1.33% |
Lets look at Amherst, 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 Amherst, Ohio Refinance, or Amherst, Ohio Reverse Mortgages, you could estimate your home value.
If you knew your Amherst, Ohio home was worth $89,000.00 in 1993, you could multiply by + 17.06%, add the gain and see the home should be worth $104,181.11 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1993 to 1996:
+ 4.26%
Appreciation Comparisons
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
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
Zip Code in MSA: 44001 - AMHERST, OH
MSA Pop: 2139512Zip Pop: 20730
Avg Value: 132400
County: LORAIN
Elev: 733
Region: Midwest
Lat: 41.3693
Long: -82.2561