Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Cleveland Elyria Mentor, Ohio did compared to the state as a whole.

The Cleveland Elyria Mentor, Ohio MSA property value change was + 14.11% (+ 4.70% yearly).

All of the property in OH averaged + 14.48% change in value (+ 4.83% yearly).

Cleveland-Elyria-Mentor-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


There are a lot of ways to use the appreciation data for Cleveland Elyria Mentor, Ohio .

Lets look at Amherst, Ohio, a city located in Cleveland Elyria Mentor, Ohio MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Amherst, 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 $92,000.00 in 1995, you could multiply by + 14.11%, add the gain and see the home should be worth $104,981.20 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1995 to 1997:
+ 4.70%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  2. Lafayette-LA lost - 28.50% from 1986 thru 1988

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