Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 11.75%
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 + 11.75% (+ 3.92% yearly) from 1994 to 1996.
During the same time period, OH had + 13.27% (+ 4.42% yearly).
From 1994 to 1996, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Cleveland Elyria Mentor, Ohio include real estate investment .
Lets look at Amherst, Ohio, a city located in Cleveland Elyria Mentor, Ohio MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $90,000.00 in 1994, you could multiply by + 11.75%, add the gain and see the home should be worth $100,570.84 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1994 to 1996:
+ 3.92%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, and Pueblo-CO .
- Salt-Lake-City-UT increased + 33.67% from 1994 to the end of 1996
- Ogden-Clearfield-UT increased + 32.69% from 1994 to the end of 1996
- Provo-Orem-UT increased + 30.79% from 1994 to the end of 1996
- Logan-UT-ID increased + 29.11% from 1994 to the end of 1996
- Pueblo-CO increased + 27.92% from 1994 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