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 + 21.04% (+ 3.51% yearly) for the period between 2001 and the end of 2006.

The state had + 19.65% total appreciation (+ 3.27% 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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2003-2006 Quarterly Detailed Appreciation


Lets look at Lewis Center, Ohio, a city located in Columbus, Ohio MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $107,000.00 in 2001, you could multiply by + 21.04%, add the gain and see the home should be worth $129,516.41 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 2001 to 2006:
+ 3.51%

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. Anchorage-AK lost - 33.17% from 1984 thru 1989
  2. 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