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 + 26.48% (+ 4.41% yearly) for the period between 1999 and the end of 2004.

The state had + 24.67% total appreciation (+ 4.11% 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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2001-2004 Quarterly Detailed Appreciation


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

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

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

If you knew your Lewis Center, Ohio home was worth $103,000.00 in 1999, you could multiply by + 26.48%, add the gain and see the home should be worth $130,272.80 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 1999 to 2004:
+ 4.41%

Appreciation Comparisons

The worst 5 MSAs from 1999 to 2004 were Ogden-Clearfield-UT, Provo-Orem-UT, Jackson-TN, Lafayette-IN, and Columbus-IN .

  1. Ogden-Clearfield-UT only increased + 8.27% between 1999 and 2004
  2. Provo-Orem-UT only increased + 12.04% between 1999 and 2004
  3. Jackson-TN only increased + 12.75% between 1999 and 2004
  4. Lafayette-IN only increased + 13.11% between 1999 and 2004
  5. Columbus-IN only increased + 13.36% between 1999 and 2004

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 43035 - LEWIS CENTER, OH

MSA Pop: 1674589
Zip Pop: 11261
Avg Value: 211500
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.181461
Long: -83.01017