Real Estate Appreciation for Rochester, New York: + 34.60%
Appreciation for MSAs:.
Let's start by comparing Rochester, New York to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 34.60% (+ 2.31% yearly) for the Rochester, New York MSA.
The entire state of NY had +128.58% appreciation (+ 8.57% 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 by +271.66%.
Rochester-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Farmington, New York click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Rochester, New York.
If you were going to do a Farmington, New York Refinance, or Farmington, New York Reverse Mortgages, you could estimate your home value.
If you knew your Farmington, New York home was worth $98,000.00 in 1992, you could multiply by + 34.60%, add the gain and see the home should be worth $131,904.62 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1992 to 2006:
+ 2.31%
Appreciation Comparisons
The top 5 performing MSAs from 1992 to 2006 were Bend-OR, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Salinas-CA, Flagstaff-AZ-UT, and Medford-OR .
- Bend-OR increased +248.24% from 1992 to the end of 2006
- Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +244.55% from 1992 to the end of 2006
- Salinas-CA increased +242.54% from 1992 to the end of 2006
- Flagstaff-AZ-UT increased +240.43% from 1992 to the end of 2006
- Medford-OR increased +232.88% from 1992 to the end of 2006
Zip Code in MSA: 14425 - FARMINGTON, NY
MSA Pop: 1041198Zip Pop: 9658
Avg Value: 89300
County: ONTARIO
Elev: 767
Region: Northeast
Lat: 42.95838
Long: -77.31024