Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 5.95%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Cleveland Elyria Mentor, Ohio: + 5.95%
- State of OH: + 7.48%
- Difference: - 20.48%
Cleveland-Elyria-Mentor-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $93,000.00 in 1996, you could multiply by + 5.95%, add the gain and see the home should be worth $98,535.10 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1996 to 1997:
+ 2.98%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1996 to 1997 were Honolulu-HI, Utica-Rome-NY, Lewiston-Auburn-ME, Madera-CA, and Johnstown-PA .
- Honolulu-HI decreased by - 11.37% between 1996 and 1997
- Utica-Rome-NY decreased by - 5.89% between 1996 and 1997
- Lewiston-Auburn-ME decreased by - 2.85% between 1996 and 1997
- Madera-CA decreased by - 2.52% between 1996 and 1997
- Johnstown-PA decreased by - 2.31% between 1996 and 1997
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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