Real Estate Appreciation for Columbus, Ohio: + 7.62%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Columbus, Ohio did compared to the state as a whole.
The Columbus, Ohio MSA property value change was + 7.62% (+ 3.81% yearly).
All of the property in OH averaged + 8.22% change in value (+ 4.11% yearly).
Columbus-OH
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 110.97 | + 0.59% | + 2.36% |
| 1997 | 3 | 112.11 | + 1.03% | + 4.11% |
| 1997 | 4 | 113.54 | + 1.28% | + 5.10% |
| 1998 | 1 | 115.21 | + 1.47% | + 5.88% |
| 1998 | 2 | 115.88 | + 0.58% | + 2.33% |
| 1998 | 3 | 117.14 | + 1.09% | + 4.35% |
| 1998 | 4 | 118.73 | + 1.36% | + 5.43% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Westerville, Ohio click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Columbus, Ohio.
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 $95,000.00 in 1997, you could multiply by + 7.62%, add the gain and see the home should be worth $102,242.11 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-OH from 1997 to 1998:
+ 3.81%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
Zip Code in MSA: 43082 - WESTERVILLE, OH
MSA Pop: 1674589Zip Pop: 17786
Avg Value: 225500
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.11948
Long: -82.92918