Real Estate Appreciation for Rochester, New York: + 10.25%
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 + 10.25% (+ 3.42% yearly) from 2004 to 2006.
During the same time period, NY had + 29.84% (+ 9.95% yearly).
From 2004 to 2006, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 134.71 | - 0.59% | - 2.36% |
| 2006 | 2 | 136.16 | + 1.08% | + 4.31% |
| 2006 | 3 | 137.6 | + 1.06% | + 4.23% |
| 2006 | 4 | 137.45 | - 0.11% | - 0.44% |
Lets look at Savannah, 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 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 $110,000.00 in 2004, you could multiply by + 10.25%, add the gain and see the home should be worth $121,276.17 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Rochester-NY from 2004 to 2006:
+ 3.42%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
Zip Code in MSA: 13146 - SAVANNAH, NY
MSA Pop: 1041198Zip Pop: 2541
Avg Value: 53600
County: WAYNE
Elev: 403
Region: Northeast
Lat: 43.104181
Long: -76.760683