Real Estate Appreciation for Columbus, Ohio: + 8.84%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Columbus, Ohio MSA appreciation it was + 8.84% (+ 4.42% yearly) from 2000 to 2001.
During the same time period, OH had + 8.94% (+ 4.47% yearly).
From 2000 to 2001, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 125.28 | + 1.29% | + 5.14% |
| 2000 | 3 | 126.46 | + 0.94% | + 3.77% |
| 2000 | 4 | 128.24 | + 1.41% | + 5.63% |
| 2001 | 1 | 130.73 | + 1.94% | + 7.77% |
| 2001 | 2 | 131.95 | + 0.93% | + 3.73% |
| 2001 | 3 | 133.35 | + 1.06% | + 4.24% |
| 2001 | 4 | 134.63 | + 0.96% | + 3.84% |
Some of the ways peope use our appreciation data for Columbus, Ohio include real estate investment .
Lets look at Westerville, Ohio, a city located in Columbus, Ohio MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $101,000.00 in 2000, you could multiply by + 8.84%, add the gain and see the home should be worth $109,933.14 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Columbus-OH from 2000 to 2001:
+ 4.42%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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