Real Estate Appreciation for Rochester, New York: + 2.77%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Rochester, New York: + 2.77%
- State of NY: + 7.05%
- Difference: - 60.78%
Rochester-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 103.01 | - 0.73% | - 2.93% |
| 1996 | 3 | 101.76 | - 1.21% | - 4.85% |
| 1996 | 4 | 101.62 | - 0.14% | - 0.55% |
| 1997 | 1 | 101.96 | + 0.33% | + 1.34% |
| 1997 | 2 | 101.61 | - 0.34% | - 1.37% |
| 1997 | 3 | 102.66 | + 1.03% | + 4.13% |
| 1997 | 4 | 103.48 | + 0.80% | + 3.20% |
| 1998 | 1 | 105.06 | + 1.53% | + 6.11% |
| 1998 | 2 | 105.33 | + 0.26% | + 1.03% |
| 1998 | 3 | 105.41 | + 0.08% | + 0.30% |
| 1998 | 4 | 106.64 | + 1.17% | + 4.67% |
There are a lot of ways to use the appreciation data for Rochester, New York .
Lets look at Savannah, 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 Savannah, New York check out Spec-Loan.com
If you were going to do a Savannah, New York Refinance, or Savannah, New York Reverse Mortgages, you could estimate your home value.
If you knew your Savannah, New York home was worth $94,000.00 in 1996, you could multiply by + 2.77%, add the gain and see the home should be worth $96,599.79 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1996 to 1998:
+ 0.92%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 13146 - SAVANNAH, NY
MSA Pop: 1041198Zip Pop: 2541
Avg Value: 53600
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.104181
Long: -76.760683