Appreciation for MSAs:.

Let's start by comparing Rochester, New York to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 7.29% (+ 3.64% yearly) for the Rochester, New York MSA.

The entire state of NY had + 21.32% appreciation (+ 10.66% yearly). The state average for New York was higher than the real estate appreciation in the Rochester, New York MSA. This means the conditions in the MSA for real estate investment were worse by +192.53%.

Rochester-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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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 $105,000.00 in 2002, you could multiply by + 7.29%, add the gain and see the home should be worth $112,651.60 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Rochester-NY from 2002 to 2003:
+ 3.64%

Appreciation Comparisons

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .

  1. Fresno-CA increased + 36.89% from 2002 to the end of 2003
  2. Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
  3. Chico-CA increased + 35.05% from 2002 to the end of 2003
  4. Madera-CA increased + 34.32% from 2002 to the end of 2003
  5. Redding-CA increased + 34.01% from 2002 to the end of 2003

Zip Code in MSA: 13143 - RED CREEK, NY

MSA Pop: 1041198
Zip Pop: 3416
Avg Value: 63900
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.235332
Long: -76.732331