Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 17.16%
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 + 17.16% (+ 4.29% yearly) from 1994 to 1997.
During the same time period, OH had + 18.73% (+ 4.68% yearly).
From 1994 to 1997, 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% |
| 1997 | 1 | 111.06 | + 2.04% | + 8.16% |
| 1997 | 2 | 111.4 | + 0.31% | + 1.22% |
| 1997 | 3 | 112.75 | + 1.21% | + 4.85% |
| 1997 | 4 | 114.11 | + 1.21% | + 4.82% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Amherst, Ohio click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Cleveland Elyria Mentor, Ohio.
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 1994, you could multiply by + 17.16%, add the gain and see the home should be worth $106,612.01 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1994 to 1997:
+ 4.29%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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