Real Estate Appreciation for Rochester, New York: + 37.61%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Rochester, New York MSA appreciated + 37.61% (+ 9.40% yearly) between 1983 and the end of 1986.
The state of NY had + 84.05% total appreciation (+ 21.01% yearly).
The state average for New York was higher than the real estate appreciation in the Rochester, 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 +123.49% faster than this MSA.
Rochester-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1983 | 2 | 64.32 | + 2.01% | + 8.06% |
| 1983 | 3 | 65.41 | + 1.69% | + 6.78% |
| 1983 | 4 | 68.85 | + 5.26% | + 21.04% |
| 1984 | 1 | 68.13 | - 1.05% | - 4.18% |
| 1984 | 2 | 72.89 | + 6.99% | + 27.95% |
| 1984 | 3 | 72.66 | - 0.32% | - 1.26% |
| 1984 | 4 | 73.28 | + 0.85% | + 3.41% |
| 1985 | 1 | 75.4 | + 2.89% | + 11.57% |
| 1985 | 2 | 76.4 | + 1.33% | + 5.31% |
| 1985 | 3 | 79.3 | + 3.80% | + 15.18% |
| 1985 | 4 | 80 | + 0.88% | + 3.53% |
| 1986 | 1 | 82.01 | + 2.51% | + 10.05% |
| 1986 | 2 | 83.45 | + 1.76% | + 7.02% |
| 1986 | 3 | 84.16 | + 0.85% | + 3.40% |
| 1986 | 4 | 86.76 | + 3.09% | + 12.36% |
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 Rochester-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 South Butler, New York Refinance, or South Butler, New York Reverse Mortgages, you could estimate your home value.
If you knew your South Butler, New York home was worth $69,000.00 in 1983, you could multiply by + 37.61%, add the gain and see the home should be worth $94,947.50 in 1986. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1983 to 1986:
+ 9.40%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1983 to 1986 were Worcester-MA, Bridgeport-Stamford-Norwalk-CT, New-Haven-Milford-CT, Manchester-Nashua-NH, and Providence-New-Bedford-Fall-River-RI-MA .
- Worcester-MA increased +108.60% from 1983 to the end of 1986
- Bridgeport-Stamford-Norwalk-CT increased +104.72% from 1983 to the end of 1986
- New-Haven-Milford-CT increased + 96.23% from 1983 to the end of 1986
- Manchester-Nashua-NH increased + 91.37% from 1983 to the end of 1986
- Providence-New-Bedford-Fall-River-RI-MA increased + 91.25% from 1983 to the end of 1986
Zip Code in MSA: 13154 - SOUTH BUTLER, NY
MSA Pop: 1041198Zip Pop: 0
Avg Value: 0
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.132088
Long: -76.762191