Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Columbus, Ohio MSA appreciation it was + 7.09% (+ 3.54% yearly) from 2004 to 2005.

During the same time period, OH had + 7.08% (+ 3.54% yearly). You can see that the Columbus, Ohio MSA experienced higher appreciation in this case.

Columbus-OH

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2004 2 147.3 + 0.57% + 2.27%
2004 3 149.4 + 1.43% + 5.70%
2004 4 151.42 + 1.35% + 5.41%
2005 1 152.47 + 0.69% + 2.77%
2005 2 154.89 + 1.59% + 6.35%
2005 3 156.22 + 0.86% + 3.43%
2005 4 156.85 + 0.40% + 1.61%


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 $109,000.00 in 2004, you could multiply by + 7.09%, add the gain and see the home should be worth $116,724.59 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Columbus-OH from 2004 to 2005:
+ 3.54%

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