Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Cleveland Elyria Mentor, Ohio MSA appreciation it was + 8.46% (+ 4.23% yearly) from 1994 to 1995.

During the same time period, OH had + 8.86% (+ 4.43% yearly). From 1994 to 1995, Ohio outperformed the individual Cleveland Elyria Mentor, Ohio MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Cleveland-Elyria-Mentor-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 1994, you could multiply by + 8.46%, add the gain and see the home should be worth $96,529.36 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1994 to 1995:
+ 4.23%

Appreciation Comparisons

The top 5 performing MSAs from 1994 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, Ogden-Clearfield-UT, and Flagstaff-AZ-UT .

  1. Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
  2. Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
  3. Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
  4. Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
  5. Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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