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 + 6.77% (+ 3.38% yearly) for the period between 2001 and the end of 2002.

The state had + 6.31% total appreciation (+ 3.16% 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

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 131.95 + 0.93% + 3.73%
2001 3 133.35 + 1.06% + 4.24%
2001 4 134.63 + 0.96% + 3.84%
2002 1 135.89 + 0.94% + 3.74%
2002 2 136.99 + 0.81% + 3.24%
2002 3 138.71 + 1.26% + 5.02%
2002 4 139.58 + 0.63% + 2.51%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $103,000.00 in 2001, you could multiply by + 6.77%, add the gain and see the home should be worth $109,972.77 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 2001 to 2002:
+ 3.38%

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. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 43082 - WESTERVILLE, OH

MSA Pop: 1674589
Zip Pop: 17786
Avg Value: 225500
County: DELAWARE
Elev: 900
Region: Midwest
Lat: 40.11948
Long: -82.92918