Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Columbus, Ohio MSA appreciation it was + 8.71% (+ 4.35% yearly) from 1994 to 1995.

During the same time period, OH had + 8.86% (+ 4.43% yearly). From 1994 to 1995, Ohio outperformed the individual Columbus, Ohio MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Columbus-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


There are a lot of ways to use the appreciation data for Columbus, Ohio .

Lets look at Westerville, Ohio, a city located in Columbus, 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 Westerville, Ohio check out Spec-Loan.com

If you were going to do a Westerville, Ohio Refinance, or Westerville, Ohio Reverse Mortgages, you could estimate your home value.

If you knew your Westerville, Ohio home was worth $89,000.00 in 1994, you could multiply by + 8.71%, add the gain and see the home should be worth $96,747.56 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 1994 to 1995:
+ 4.35%

Appreciation Comparisons

The top 5 performing MSAs from 1994 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, Ogden-Clearfield-UT, and Flagstaff-AZ-UT .

  1. Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
  2. Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
  3. Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
  4. Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
  5. Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995

In contrast, the worst 5 MSAs from 1994 to 1995 were Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, Kingston-NY, and Ithaca-NY .

  1. Utica-Rome-NY decreased by - 9.64% between 1994 and 1995
  2. Binghamton-NY decreased by - 8.46% between 1994 and 1995
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 8.30% between 1994 and 1995
  4. Kingston-NY decreased by - 7.85% between 1994 and 1995
  5. Ithaca-NY decreased by - 7.18% between 1994 and 1995

Zip Code in MSA: 43082 - WESTERVILLE, OH

MSA Pop: 1674589
Zip Pop: 17786
Avg Value: 225500
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.11948
Long: -82.92918