Real Estate Appreciation for Rochester, New York: + 16.65%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Rochester, New York MSA appreciated + 16.65% (+ 4.16% yearly) for the period between 2001 and the end of 2004.
The state had + 50.81% total appreciation (+ 12.70% yearly).
The state average for New York was higher than the real estate appreciation in the Rochester, New York MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +205.13% faster than this MSA.
Rochester-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 112.36 | + 1.24% | + 4.97% |
| 2001 | 3 | 113.31 | + 0.85% | + 3.38% |
| 2001 | 4 | 114.29 | + 0.86% | + 3.46% |
| 2002 | 1 | 115.27 | + 0.86% | + 3.43% |
| 2002 | 2 | 116.14 | + 0.75% | + 3.02% |
| 2002 | 3 | 117.13 | + 0.85% | + 3.41% |
| 2002 | 4 | 118.33 | + 1.02% | + 4.10% |
| 2003 | 1 | 119.72 | + 1.17% | + 4.70% |
| 2003 | 2 | 120.21 | + 0.41% | + 1.64% |
| 2003 | 3 | 121.96 | + 1.46% | + 5.82% |
| 2003 | 4 | 123.67 | + 1.40% | + 5.61% |
| 2004 | 1 | 124.67 | + 0.81% | + 3.23% |
| 2004 | 2 | 126.7 | + 1.63% | + 6.51% |
| 2004 | 3 | 127.8 | + 0.87% | + 3.47% |
| 2004 | 4 | 129.46 | + 1.30% | + 5.20% |
Lets look at South Butler, New York, a city located in Rochester, New York MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a South Butler, New York Refinance, or South Butler, New York Reverse Mortgages, you could estimate your home value.
If you knew your South Butler, New York home was worth $105,000.00 in 2001, you could multiply by + 16.65%, add the gain and see the home should be worth $122,484.23 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 2001 to 2004:
+ 4.16%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
Zip Code in MSA: 13154 - SOUTH BUTLER, NY
MSA Pop: 1041198Zip Pop: 0
Avg Value: 0
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.132088
Long: -76.762191