Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 9.36%
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 + 9.36% (+ 3.12% yearly).
All of the property in OH averaged + 11.15% change in value (+ 3.72% yearly).
Cleveland-Elyria-Mentor-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Amherst, Ohio, a city located in Cleveland Elyria Mentor, Ohio MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $96,000.00 in 1997, you could multiply by + 9.36%, add the gain and see the home should be worth $104,981.09 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1997 to 1999:
+ 3.12%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 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