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 + 17.80% (+ 4.45% yearly) from 1994 to 1997.

During the same time period, OH had + 18.73% (+ 4.68% yearly). From 1994 to 1997, 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%
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%
1997 1 110.32 + 1.21% + 4.84%
1997 2 110.97 + 0.59% + 2.36%
1997 3 112.11 + 1.03% + 4.11%
1997 4 113.54 + 1.28% + 5.10%


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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 $91,000.00 in 1994, you could multiply by + 17.80%, add the gain and see the home should be worth $107,202.12 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 1994 to 1997:
+ 4.45%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Casper-WY lost - 34.10% from 1983 thru 1986
  2. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 43015 - DELAWARE, OH

MSA Pop: 1674589
Zip Pop: 36625
Avg Value: 139400
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.28538
Long: -83.0595