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 + 18.95% (+ 4.74% yearly).

All of the property in OH averaged + 19.73% change in value (+ 4.93% 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%
1998 1 115.71 + 1.40% + 5.61%
1998 2 116.5 + 0.68% + 2.73%
1998 3 117.81 + 1.12% + 4.50%
1998 4 118.95 + 0.97% + 3.87%


If you need information on Hard Money Rehab Loans in Amherst, Ohio look at 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 $93,000.00 in 1995, you could multiply by + 18.95%, add the gain and see the home should be worth $110,623.50 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1995 to 1998:
+ 4.74%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .

  1. Honolulu-HI decreased by - 13.12% between 1995 and 1998
  2. Utica-Rome-NY only increased + 0.14% between 1995 and 1998
  3. Madera-CA only increased + 2.89% between 1995 and 1998
  4. Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
  5. Redding-CA only increased + 4.10% between 1995 and 1998

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

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