Real Estate Appreciation for Rochester, New York: + 18.33%
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 + 18.33% (+ 2.29% yearly).
All of the property in NY averaged + 61.34% change in value (+ 7.67% yearly).
Rochester-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Rochester-NY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New York, you can do some research at Spec-Loan.com.
If you were going to do a Albion, New York Refinance, or Albion, New York Reverse Mortgages, you could estimate your home value.
If you knew your Albion, New York home was worth $97,000.00 in 1995, you could multiply by + 18.33%, add the gain and see the home should be worth $114,780.10 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1995 to 2002:
+ 2.29%
Appreciation Comparisons
For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .
- Salinas-CA increased +233.30% from 1998 thru 2005
- Springfield-MA increased +225.43% from 1981 thru 1988
- Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
- Salinas-CA increased +204.52% from 1999 thru 2006
- Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 14411 - ALBION, NY
MSA Pop: 1041198Zip Pop: 14676
Avg Value: 68000
County: ORLEANS
Elev: 519
Region: Northeast
Lat: 43.240826
Long: -78.201533