Real Estate Appreciation for Rochester, New York: - 2.38%
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 - 2.38% (- 1.19% yearly) between 1993 and the end of 1994.
The state of NY had - 2.50% total appreciation (- 1.25% yearly).
The Rochester, New York MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated - 4.75% faster than the state as a whole.
Rochester-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 103.83 | + 1.07% | + 4.28% |
| 1993 | 3 | 104.41 | + 0.56% | + 2.23% |
| 1993 | 4 | 104.4 | - 0.01% | - 0.04% |
| 1994 | 1 | 104.32 | - 0.08% | - 0.31% |
| 1994 | 2 | 102.74 | - 1.51% | - 6.06% |
| 1994 | 3 | 101.94 | - 0.78% | - 3.11% |
| 1994 | 4 | 100.28 | - 1.63% | - 6.51% |
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 Red Creek, 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 Red Creek, New York Refinance, or Red Creek, New York Reverse Mortgages, you could estimate your home value.
If you knew your Red Creek, New York home was worth $87,000.00 in 1993, you could multiply by - 2.38%, add the gain and see the home should be worth $84,925.14 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1993 to 1994:
- 1.19%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1994 were Salt-Lake-City-UT, Fort-Collins-Loveland-CO, Provo-Orem-UT, Ogden-Clearfield-UT, and Greeley-CO .
- Salt-Lake-City-UT increased + 30.47% from 1993 to the end of 1994
- Fort-Collins-Loveland-CO increased + 28.45% from 1993 to the end of 1994
- Provo-Orem-UT increased + 28.10% from 1993 to the end of 1994
- Ogden-Clearfield-UT increased + 25.98% from 1993 to the end of 1994
- Greeley-CO increased + 25.00% from 1993 to the end of 1994
Zip Code in MSA: 13143 - RED CREEK, NY
MSA Pop: 1041198Zip Pop: 3416
Avg Value: 63900
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.235332
Long: -76.732331