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 + 12.31% (+ 4.10% yearly) for the Rochester, New York MSA.

The entire state of NY had + 37.35% appreciation (+ 12.45% 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 +203.43%.

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%
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%


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 $106,000.00 in 2002, you could multiply by + 12.31%, add the gain and see the home should be worth $119,048.84 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Rochester-NY from 2002 to 2004:
+ 4.10%

Appreciation Comparisons

The worst 5 MSAs from 2002 to 2004 were Jackson-TN, Ogden-Clearfield-UT, Austin-Round-Rock-TX, Lafayette-IN, and Burlington-NC .

  1. Jackson-TN only increased + 4.30% between 2002 and 2004
  2. Ogden-Clearfield-UT only increased + 4.40% between 2002 and 2004
  3. Austin-Round-Rock-TX only increased + 4.43% between 2002 and 2004
  4. Lafayette-IN only increased + 4.95% between 2002 and 2004
  5. Burlington-NC only increased + 5.39% between 2002 and 2004

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 .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 13146 - SAVANNAH, NY

MSA Pop: 1041198
Zip Pop: 2541
Avg Value: 53600
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.104181
Long: -76.760683