Appreciation for MSAs:.

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

If we analyze Elmira, New York MSA appreciation it was + 31.63% (+ 2.64% yearly) from 1994 to 2005.

During the same time period, NY had +121.73% (+ 10.14% yearly). From 1994 to 2005, New York outperformed the individual Elmira, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Elmira-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation


Some of the ways peope use our appreciation data for Elmira, New York include real estate investment .

Lets look at Wellsburg, New York, a city located in Elmira, New York MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in New York check out Spec-Loan.com

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

If you knew your Wellsburg, New York home was worth $99,000.00 in 1994, you could multiply by + 31.63%, add the gain and see the home should be worth $130,313.85 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Elmira-NY from 1994 to 2005:
+ 2.64%

Appreciation Comparisons

The worst 5 MSAs from 1994 to 2005 were Rochester-NY, Elmira-NY, Buffalo-Niagara-Falls-NY, Springfield-IL, and McAllen-Edinburg-Mission-TX .

  1. Rochester-NY only increased + 29.90% between 1994 and 2005
  2. Elmira-NY only increased + 31.63% between 1994 and 2005
  3. Buffalo-Niagara-Falls-NY only increased + 33.47% between 1994 and 2005
  4. Springfield-IL only increased + 33.93% between 1994 and 2005
  5. McAllen-Edinburg-Mission-TX only increased + 36.85% between 1994 and 2005

For a 12 year period, the top 5 performing MSAs of all time are Oxnard-Thousand-Oaks-Ventura-CA, Bridgeport-Stamford-Norwalk-CT, San-Jose-Sunnyvale-Santa-Clara-CA, Providence-New-Bedford-Fall-River-RI-MA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Oxnard-Thousand-Oaks-Ventura-CA increased +288.32% from 1977 thru 1988
  2. Bridgeport-Stamford-Norwalk-CT increased +284.24% from 1977 thru 1988
  3. San-Jose-Sunnyvale-Santa-Clara-CA increased +270.45% from 1977 thru 1988
  4. Providence-New-Bedford-Fall-River-RI-MA increased +269.41% from 1977 thru 1988
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +267.22% from 1978 thru 1989

The worst perfoming MSAs ever for a 12 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .

  1. Midland-TX lost - 29.95% from 1982 to 1993
  2. Midland-TX lost - 27.35% from 1983 thru 1994
  3. Midland-TX lost - 18.42% from 1984 thru 1995
  4. Odessa-TX lost - 17.39% from 1984 thru 1995
  5. Lafayette-LA lost - 14.77% from 1982 thru 1993

Zip Code in MSA: 14894 - WELLSBURG, NY

MSA Pop: 90413
Zip Pop: 2531
Avg Value: 54700
County: CHEMUNG
Elev: 873
Region: Northeast
Lat: 42.011212
Long: -76.728672