Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Cleveland Elyria Mentor, Ohio MSA appreciation it was + 15.95% (+ 3.99% yearly) from 2000 to 2003.

During the same time period, OH had + 16.72% (+ 4.18% yearly). From 2000 to 2003, Ohio outperformed the individual Cleveland Elyria Mentor, Ohio MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Cleveland-Elyria-Mentor-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2003 1 139.02 + 0.72% + 2.87%
2003 2 139.91 + 0.64% + 2.56%
2003 3 141.21 + 0.93% + 3.72%
2003 4 142.81 + 1.13% + 4.53%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 2000, you could multiply by + 15.95%, add the gain and see the home should be worth $119,423.80 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cleveland-Elyria-Mentor-OH from 2000 to 2003:
+ 3.99%

Appreciation Comparisons

The worst 5 MSAs from 2000 to 2003 were Ogden-Clearfield-UT, Wenatchee-WA, Provo-Orem-UT, Jackson-TN, and Lafayette-IN .

  1. Ogden-Clearfield-UT only increased + 7.50% between 2000 and 2003
  2. Wenatchee-WA only increased + 7.51% between 2000 and 2003
  3. Provo-Orem-UT only increased + 8.27% between 2000 and 2003
  4. Jackson-TN only increased + 8.39% between 2000 and 2003
  5. Lafayette-IN only increased + 8.43% between 2000 and 2003

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 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