Real Estate Appreciation for Syracuse, New York: + 31.10%
Appreciation for MSAs:.
Let's start by comparing Syracuse, 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 + 31.10% (+ 2.39% yearly) for the Syracuse, New York MSA.
The entire state of NY had + 95.32% appreciation (+ 7.33% yearly).
The state average for New York was higher than the real estate appreciation in the Syracuse, New York MSA. This means the conditions in the MSA for real estate investment were worse by +206.44%.
Syracuse-NY
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
1992-1995 Quarterly Detailed Appreciation
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 Syracuse-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 Bridgeport, New York Refinance, or Bridgeport, New York Reverse Mortgages, you could estimate your home value.
If you knew your Bridgeport, New York home was worth $96,000.00 in 1992, you could multiply by + 31.10%, add the gain and see the home should be worth $125,860.75 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Syracuse-NY from 1992 to 2004:
+ 2.39%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 13030 - BRIDGEPORT, NY
MSA Pop: 654194Zip Pop: 4272
Avg Value: 81600
County: ONONDAGA
Elev: 398
Region: Northeast
Lat: 43.160202
Long: -75.986947