Real Estate Appreciation for Rochester, New York: - 1.08%
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 - 1.08% (- 0.27% yearly) between 1993 and the end of 1996.
The state of NY had + 0.19% total appreciation (+ 0.05% 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 -117.67% faster than this MSA.
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% |
| 1995 | 1 | 100 | - 0.28% | - 1.12% |
| 1995 | 2 | 101.32 | + 1.32% | + 5.28% |
| 1995 | 3 | 102.12 | + 0.79% | + 3.16% |
| 1995 | 4 | 102.73 | + 0.60% | + 2.39% |
| 1996 | 1 | 103.77 | + 1.01% | + 4.05% |
| 1996 | 2 | 103.01 | - 0.73% | - 2.93% |
| 1996 | 3 | 101.76 | - 1.21% | - 4.85% |
| 1996 | 4 | 101.62 | - 0.14% | - 0.55% |
Lets look at South Butler, New York, a city located in Rochester, New York MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out 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 $89,000.00 in 1993, you could multiply by - 1.08%, add the gain and see the home should be worth $88,038.35 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1993 to 1996:
- 0.27%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
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
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