Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Columbus, Ohio MSA appreciated + 21.35% (+ 4.27% yearly) for the period between 1999 and the end of 2003.

The state had + 19.91% total appreciation (+ 3.98% yearly). The Columbus, Ohio MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Columbus-OH

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation


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

Lets look at Galena, 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 Galena, Ohio check out Spec-Loan.com

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

If you knew your Galena, Ohio home was worth $102,000.00 in 1999, you could multiply by + 21.35%, add the gain and see the home should be worth $123,776.81 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 1999 to 2003:
+ 4.27%

Appreciation Comparisons

For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
  2. Worcester-MA increased +138.82% from 1982 thru 1986
  3. Fresno-CA increased +137.23% from 2001 thru 2005
  4. Madera-CA increased +136.99% from 2001 thru 2005
  5. Yuba-City-CA increased +136.08% from 2001 thru 2005

Zip Code in MSA: 43021 - GALENA, OH

MSA Pop: 1674589
Zip Pop: 5474
Avg Value: 222700
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.192973
Long: -82.897442