Real Estate Appreciation for Rochester, New York: + 1.62%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Rochester, New York did compared to the state as a whole.
The Rochester, New York MSA property value change was + 1.62% (+ 0.81% yearly).
All of the property in NY averaged + 3.47% change in value (+ 1.74% yearly).
Rochester-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Rochester, New York include real estate investment .
Lets look at Red Creek, New York, a city located in Rochester, New York MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $91,000.00 in 1995, you could multiply by + 1.62%, add the gain and see the home should be worth $92,474.20 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1995 to 1996:
+ 0.81%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Pittsfield-MA, Danville-IL, and Bay-City-MI .
- Salt-Lake-City-UT increased + 17.55% from 1995 to the end of 1996
- Ogden-Clearfield-UT increased + 17.36% from 1995 to the end of 1996
- Pittsfield-MA increased + 17.05% from 1995 to the end of 1996
- Danville-IL increased + 16.75% from 1995 to the end of 1996
- Bay-City-MI increased + 16.66% from 1995 to the end of 1996
In contrast, the worst 5 MSAs from 1995 to 1996 were Honolulu-HI, Cumberland-MD-WV, Utica-Rome-NY, Binghamton-NY, and Madera-CA .
- Honolulu-HI decreased by - 7.92% between 1995 and 1996
- Cumberland-MD-WV decreased by - 4.44% between 1995 and 1996
- Utica-Rome-NY decreased by - 4.03% between 1995 and 1996
- Binghamton-NY decreased by - 3.46% between 1995 and 1996
- Madera-CA decreased by - 3.21% between 1995 and 1996
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