Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Elmira, New York MSA appreciated + 20.39% (+ 1.85% yearly) between 1993 and the end of 2003.

The state of NY had + 74.74% total appreciation (+ 6.79% yearly). The state average for New York was higher than the real estate appreciation in the Elmira, New York MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +266.62% faster than this MSA.

Elmira-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Elmira-NY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New York, you can do some research at Spec-Loan.com.

If you were going to do a Van Etten, New York Refinance, or Van Etten, New York Reverse Mortgages, you could estimate your home value.

If you knew your Van Etten, New York home was worth $96,000.00 in 1993, you could multiply by + 20.39%, add the gain and see the home should be worth $115,571.29 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Elmira-NY from 1993 to 2003:
+ 1.85%

Appreciation Comparisons

The top 5 performing MSAs from 1993 to 2003 were Barnstable-Town-MA, Denver-Aurora-CO, Boulder-CO, Fort-Collins-Loveland-CO, and Salinas-CA .

  1. Barnstable-Town-MA increased +148.94% from 1993 to the end of 2003
  2. Denver-Aurora-CO increased +122.85% from 1993 to the end of 2003
  3. Boulder-CO increased +122.44% from 1993 to the end of 2003
  4. Fort-Collins-Loveland-CO increased +119.70% from 1993 to the end of 2003
  5. Salinas-CA increased +118.69% from 1993 to the end of 2003

In contrast, the worst 5 MSAs from 1993 to 2003 were Binghamton-NY, Honolulu-HI, Rochester-NY, Elmira-NY, and Utica-Rome-NY .

  1. Binghamton-NY only increased + 13.04% between 1993 and 2003
  2. Honolulu-HI only increased + 15.17% between 1993 and 2003
  3. Rochester-NY only increased + 20.38% between 1993 and 2003
  4. Elmira-NY only increased + 20.39% between 1993 and 2003
  5. Utica-Rome-NY only increased + 20.41% between 1993 and 2003

Zip Code in MSA: 14889 - VAN ETTEN, NY

MSA Pop: 90413
Zip Pop: 1458
Avg Value: 61300
County: CHEMUNG
Elev: 873
Region: Northeast
Lat: 42.214557
Long: -76.579254