Real Estate Appreciation for Columbus, Ohio: + 13.62%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Columbus, Ohio MSA appreciated + 13.62% (+ 4.54% yearly) between 1993 and the end of 1995.
The state of OH had + 14.07% total appreciation (+ 4.69% yearly).
The state average for Ohio was higher than the real estate appreciation in the Columbus, Ohio MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 3.32% faster than this MSA.
Columbus-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 92.89 | + 0.74% | + 2.95% |
| 1993 | 3 | 94.18 | + 1.39% | + 5.55% |
| 1993 | 4 | 95 | + 0.87% | + 3.48% |
| 1994 | 1 | 96.38 | + 1.45% | + 5.81% |
| 1994 | 2 | 98.02 | + 1.70% | + 6.81% |
| 1994 | 3 | 98.66 | + 0.65% | + 2.61% |
| 1994 | 4 | 99.86 | + 1.22% | + 4.87% |
| 1995 | 1 | 100 | + 0.14% | + 0.56% |
| 1995 | 2 | 101.84 | + 1.84% | + 7.36% |
| 1995 | 3 | 103.38 | + 1.51% | + 6.05% |
| 1995 | 4 | 104.77 | + 1.34% | + 5.38% |
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 Ashley, Ohio Refinance, or Ashley, Ohio Reverse Mortgages, you could estimate your home value.
If you knew your Ashley, Ohio home was worth $88,000.00 in 1993, you could multiply by + 13.62%, add the gain and see the home should be worth $99,986.55 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-OH from 1993 to 1995:
+ 4.54%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 43003 - ASHLEY, OH
MSA Pop: 1674589Zip Pop: 2490
Avg Value: 91500
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.4168
Long: -82.9754