Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Rochester, New York MSA appreciation it was + 8.69% (+ 4.35% yearly) from 2004 to 2005.

During the same time period, NY had + 25.79% (+ 12.90% yearly). From 2004 to 2005, New York outperformed the individual Rochester, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Rochester-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2004 2 126.7 + 1.63% + 6.51%
2004 3 127.8 + 0.87% + 3.47%
2004 4 129.46 + 1.30% + 5.20%
2005 1 128.15 - 1.01% - 4.05%
2005 2 131.8 + 2.85% + 11.39%
2005 3 134.63 + 2.15% + 8.59%
2005 4 135.51 + 0.65% + 2.61%


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Rochester-NY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New York, you can do some research at 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 $109,000.00 in 2004, you could multiply by + 8.69%, add the gain and see the home should be worth $118,477.50 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Rochester-NY from 2004 to 2005:
+ 4.35%

Appreciation Comparisons

The worst 5 MSAs from 2004 to 2005 were Burlington-NC, Jonesboro-AR, Lafayette-IN, Rocky-Mount-NC, and Youngstown-Warren-Boardman-OH-PA .

  1. Burlington-NC only increased + 0.60% between 2004 and 2005
  2. Jonesboro-AR only increased + 2.06% between 2004 and 2005
  3. Lafayette-IN only increased + 2.12% between 2004 and 2005
  4. Rocky-Mount-NC only increased + 2.82% between 2004 and 2005
  5. Youngstown-Warren-Boardman-OH-PA only increased + 3.78% between 2004 and 2005

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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