Appreciation for MSAs:.

Let's start by comparing Columbus, Ohio to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 6.91% (+ 3.46% yearly) for the Columbus, Ohio MSA.

The entire state of OH had + 6.30% appreciation (+ 3.15% yearly). The Columbus, Ohio MSA beat out the state. by + 9.60% appreciation.

Columbus-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 136.99 + 0.81% + 3.24%
2002 3 138.71 + 1.26% + 5.02%
2002 4 139.58 + 0.63% + 2.51%
2003 1 140.81 + 0.88% + 3.52%
2003 2 141.88 + 0.76% + 3.04%
2003 3 142.97 + 0.77% + 3.07%
2003 4 145.28 + 1.62% + 6.46%


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

Lets look at Westerville, 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 Westerville, 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 $105,000.00 in 2002, you could multiply by + 6.91%, add the gain and see the home should be worth $112,255.50 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 2002 to 2003:
+ 3.46%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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