Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 63.55%
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 + 63.55% (+ 4.89% yearly) between 1993 and the end of 2005.
The state of OH had + 69.98% total appreciation (+ 5.38% 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 + 10.11% faster than this MSA.
Cleveland-Elyria-Mentor-OH
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 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 $98,000.00 in 1993, you could multiply by + 63.55%, add the gain and see the home should be worth $160,280.28 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1993 to 2005:
+ 4.89%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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