Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Rochester, New York MSA appreciated + 8.14% (+ 4.07% yearly) between 2003 and the end of 2004.

The state of NY had + 23.79% total appreciation (+ 11.90% 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 than the state as a whole. The state appreaciated +192.42% faster than this MSA.

Rochester-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Some of the ways peope use our appreciation data for Rochester, New York include real estate investment .

Lets look at Red Creek, New York, a city located in Rochester, New York MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in New York check out Spec-Loan.com

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 $107,000.00 in 2003, you could multiply by + 8.14%, add the gain and see the home should be worth $115,705.15 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Rochester-NY from 2003 to 2004:
+ 4.07%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2003 to 2004 were Brownsville-Harlingen-TX, Jackson-TN, Austin-Round-Rock-TX, Burlington-NC, and Ogden-Clearfield-UT .

  1. Brownsville-Harlingen-TX only increased + 0.47% between 2003 and 2004
  2. Jackson-TN only increased + 1.89% between 2003 and 2004
  3. Austin-Round-Rock-TX only increased + 2.07% between 2003 and 2004
  4. Burlington-NC only increased + 2.09% between 2003 and 2004
  5. Ogden-Clearfield-UT only increased + 2.83% between 2003 and 2004

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

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