Real Estate Appreciation for Rochester, New York: + 4.72%
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 + 4.72% (+ 1.57% yearly).
All of the property in NY averaged + 16.87% change in value (+ 5.62% yearly).
Rochester-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 107.06 | + 0.39% | + 1.58% |
| 1999 | 2 | 107.24 | + 0.17% | + 0.67% |
| 1999 | 3 | 107 | - 0.22% | - 0.90% |
| 1999 | 4 | 106.77 | - 0.21% | - 0.86% |
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 $96,000.00 in 1997, you could multiply by + 4.72%, add the gain and see the home should be worth $100,528.83 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 1997 to 1999:
+ 1.57%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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