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 + 23.24% (+ 3.87% yearly) for the period between 1999 and the end of 2004.

The state had + 24.67% total appreciation (+ 4.11% 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 + 6.15% faster than this MSA.

Cleveland-Elyria-Mentor-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


Some of the ways peope use our appreciation data for Cleveland Elyria Mentor, Ohio include real estate investment .

Lets look at Amherst, Ohio, a city located in Cleveland Elyria Mentor, Ohio MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $103,000.00 in 1999, you could multiply by + 23.24%, add the gain and see the home should be worth $126,932.40 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 1999 to 2004:
+ 3.87%

Appreciation Comparisons

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

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