Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Rochester, New York MSA appreciation it was - 1.52% (- 0.76% 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 Rochester, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Rochester-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


There are a lot of ways to use the appreciation data for Rochester, New York .

Lets look at Red Creek, New York, a city located in Rochester, New York MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Red Creek, New York check out Spec-Loan.com

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 $89,000.00 in 1994, you could multiply by - 1.52%, add the gain and see the home should be worth $87,643.50 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Rochester-NY from 1994 to 1995:
- 0.76%

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 .

  1. Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
  2. Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
  3. Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
  4. Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
  5. Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995

In contrast, the worst 5 MSAs from 1994 to 1995 were Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, Kingston-NY, and Ithaca-NY .

  1. Utica-Rome-NY decreased by - 9.64% between 1994 and 1995
  2. Binghamton-NY decreased by - 8.46% between 1994 and 1995
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 8.30% between 1994 and 1995
  4. Kingston-NY decreased by - 7.85% between 1994 and 1995
  5. Ithaca-NY decreased by - 7.18% between 1994 and 1995

Zip Code in MSA: 13143 - RED CREEK, NY

MSA Pop: 1041198
Zip Pop: 3416
Avg Value: 63900
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.235332
Long: -76.732331