Home Equity Appreciation for Cleveland Elyria Mentor, Ohio: + 31.19%
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: + 31.19%
- State of OH: + 35.81%
- Difference: - 12.90%
Cleveland-Elyria-Mentor-OH
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
Lets look at Avon, 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 Avon, Ohio Refinance, or Avon, Ohio Reverse Mortgages, you could estimate your home value.
If you knew your Avon, Ohio home was worth $104,000.00 in 1998, you could multiply by + 31.19%, add the gain and see the home should be worth $136,437.65 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1998 to 2006:
+ 3.47%
Appreciation Comparisons
The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .
- Midland-TX lost - 34.76% from 1982 to 1990
- Midland-TX lost - 32.77% from 1983 thru 1991
- Lafayette-LA lost - 26.59% from 1982 thru 1990
- Casper-WY lost - 26.42% from 1983 thru 1991
- Midland-TX lost - 25.57% from 1984 thru 1992
The top 5 performing MSAs from 1998 to 2006 were Salinas-CA, Naples-Marco-Island-FL, Riverside-San-Bernardino-Ontario-CA, Merced-CA, and Vallejo-Fairfield-CA .
- Salinas-CA increased +229.40% from 1998 to the end of 2006
- Naples-Marco-Island-FL increased +227.32% from 1998 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +216.87% from 1998 to the end of 2006
- Merced-CA increased +204.44% from 1998 to the end of 2006
- Vallejo-Fairfield-CA increased +204.12% from 1998 to the end of 2006
Zip Code in MSA: 44011 - AVON, OH
MSA Pop: 2139512Zip Pop: 11433
Avg Value: 177300
County: LORAIN
Elev: 733
Region: Midwest
Lat: 41.447155
Long: -82.021537