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 + 20.20% (+ 4.04% yearly).

All of the property in OH averaged + 22.35% change in value (+ 4.47% yearly).

Cleveland-Elyria-Mentor-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1998-2001 Quarterly Detailed Appreciation


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Cleveland-Elyria-Mentor-OH here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Ohio, you can do some research 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 $98,000.00 in 1997, you could multiply by + 20.20%, add the gain and see the home should be worth $117,792.36 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1997 to 2001:
+ 4.04%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 2001 were Honolulu-HI, Williamsport-PA, Springfield-IL, Wenatchee-WA, and Albuquerque-NM .

  1. Honolulu-HI only increased + 5.24% between 1997 and 2001
  2. Williamsport-PA only increased + 7.92% between 1997 and 2001
  3. Springfield-IL only increased + 8.36% between 1997 and 2001
  4. Wenatchee-WA only increased + 8.71% between 1997 and 2001
  5. Albuquerque-NM only increased + 8.90% between 1997 and 2001

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

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