Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 12.77%
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: + 12.77%
- State of OH: + 15.46%
- Difference: - 17.41%
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% |
| 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% |
| 1999 | 1 | 120.42 | + 1.24% | + 4.94% |
| 1999 | 2 | 121.05 | + 0.52% | + 2.09% |
| 1999 | 3 | 121.25 | + 0.17% | + 0.66% |
| 1999 | 4 | 121.45 | + 0.16% | + 0.66% |
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 $95,000.00 in 1996, you could multiply by + 12.77%, add the gain and see the home should be worth $107,128.60 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1996 to 1999:
+ 3.19%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
In contrast, the worst 5 MSAs from 1996 to 1999 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Bakersfield-CA, Reading-PA, and Albany-Schenectady-Troy-NY .
- Honolulu-HI decreased by - 13.65% between 1996 and 1999
- Buffalo-Niagara-Falls-NY decreased by - 2.34% between 1996 and 1999
- Bakersfield-CA decreased by - 0.56% between 1996 and 1999
- Reading-PA decreased by - 0.46% between 1996 and 1999
- Albany-Schenectady-Troy-NY decreased by - 0.38% between 1996 and 1999
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