Real Estate Appreciation for Cleveland Elyria Mentor, Ohio: + 14.62%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Cleveland Elyria Mentor, Ohio MSA appreciated + 14.62% (+ 3.66% yearly) for the period between 1999 and the end of 2002.
The state had + 15.62% total appreciation (+ 3.91% yearly).
The state average for Ohio was higher than the real estate appreciation in the Cleveland Elyria Mentor, Ohio MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 6.83% faster than this MSA.
Cleveland-Elyria-Mentor-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2001 | 1 | 130.03 | + 2.25% | + 9.00% |
| 2001 | 2 | 130.94 | + 0.70% | + 2.80% |
| 2001 | 3 | 132.39 | + 1.11% | + 4.43% |
| 2001 | 4 | 133.49 | + 0.83% | + 3.32% |
| 2002 | 1 | 134.28 | + 0.59% | + 2.37% |
| 2002 | 2 | 135.48 | + 0.89% | + 3.57% |
| 2002 | 3 | 136.73 | + 0.92% | + 3.69% |
| 2002 | 4 | 138.03 | + 0.95% | + 3.80% |
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 $101,000.00 in 1999, you could multiply by + 14.62%, add the gain and see the home should be worth $115,770.05 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1999 to 2002:
+ 3.66%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .
- Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
- Napa-CA increased + 71.93% from 1999 to the end of 2002
- Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
- Salinas-CA increased + 68.96% from 1999 to the end of 2002
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