Real Estate Appreciation for Ithaca, New York: - 7.18%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Ithaca, New York MSA appreciation it was - 7.18% (- 3.59% yearly) from 1994 to 1995.
During the same time period, NY had - 1.16% (- 0.58% yearly).
From 1994 to 1995, New York outperformed the individual Ithaca, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Ithaca-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 105.03 | - 5.70% | - 22.80% |
| 1994 | 3 | 108.12 | + 2.94% | + 11.77% |
| 1994 | 4 | 103.03 | - 4.71% | - 18.83% |
| 1995 | 1 | 100 | - 2.94% | - 11.76% |
| 1995 | 2 | 104.62 | + 4.62% | + 18.48% |
| 1995 | 3 | 105.35 | + 0.70% | + 2.79% |
| 1995 | 4 | 103.38 | - 1.87% | - 7.48% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Dryden, New York Refinance, or Dryden, New York Reverse Mortgages, you could estimate your home value.
If you knew your Dryden, New York home was worth $89,000.00 in 1994, you could multiply by - 7.18%, add the gain and see the home should be worth $82,607.47 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ithaca-NY from 1994 to 1995:
- 3.59%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, Ogden-Clearfield-UT, and Flagstaff-AZ-UT .
- Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
- Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
- Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
- Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
- Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995
Zip Code in MSA: 13053 - DRYDEN, NY
MSA Pop: 101411Zip Pop: 4413
Avg Value: 91000
County: TOMPKINS
Elev: 814
Region: Northeast
Lat: 42.486771
Long: -76.293907