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: + 9.90%
  • State of OH: + 11.31%
  • Difference: - 12.41%

Cleveland-Elyria-Mentor-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2000 1 123.17 + 1.42% + 5.66%
2000 2 124.09 + 0.75% + 2.99%
2000 3 125.48 + 1.12% + 4.48%
2000 4 127.17 + 1.35% + 5.39%


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 $98,000.00 in 1998, you could multiply by + 9.90%, add the gain and see the home should be worth $107,705.99 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1998 to 2000:
+ 3.30%

Appreciation Comparisons

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

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