Real Estate Appreciation for Columbus, Ohio: + 18.21%
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 + 18.21% (+ 4.55% yearly) between 1993 and the end of 1996.
The state of OH had + 18.69% total appreciation (+ 4.67% 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 + 2.65% 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% |
| 1996 | 1 | 106.06 | + 1.23% | + 4.93% |
| 1996 | 2 | 107.09 | + 0.97% | + 3.88% |
| 1996 | 3 | 107.67 | + 0.54% | + 2.17% |
| 1996 | 4 | 109 | + 1.24% | + 4.94% |
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 Delaware, Ohio Refinance, or Delaware, Ohio Reverse Mortgages, you could estimate your home value.
If you knew your Delaware, Ohio home was worth $89,000.00 in 1993, you could multiply by + 18.21%, add the gain and see the home should be worth $105,205.51 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-OH from 1993 to 1996:
+ 4.55%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
Zip Code in MSA: 43015 - DELAWARE, OH
MSA Pop: 1674589Zip Pop: 36625
Avg Value: 139400
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.28538
Long: -83.0595