Real Estate Appreciation for Syracuse, New York: - 7.52%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Syracuse, New York MSA appreciated - 7.52% (- 1.88% yearly) between 1993 and the end of 1996.
The state of NY had + 0.19% total appreciation (+ 0.05% 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 than the state as a whole. The state appreaciated -102.54% faster than this MSA.
Syracuse-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 108.96 | + 1.45% | + 5.81% |
| 1993 | 3 | 108.29 | - 0.61% | - 2.46% |
| 1993 | 4 | 109.09 | + 0.74% | + 2.96% |
| 1994 | 1 | 108.19 | - 0.83% | - 3.30% |
| 1994 | 2 | 105.75 | - 2.26% | - 9.02% |
| 1994 | 3 | 105.49 | - 0.25% | - 0.98% |
| 1994 | 4 | 102.84 | - 2.51% | - 10.05% |
| 1995 | 1 | 100 | - 2.76% | - 11.05% |
| 1995 | 2 | 101.89 | + 1.89% | + 7.56% |
| 1995 | 3 | 102.39 | + 0.49% | + 1.96% |
| 1995 | 4 | 102.6 | + 0.21% | + 0.82% |
| 1996 | 1 | 103.27 | + 0.65% | + 2.61% |
| 1996 | 2 | 102.29 | - 0.95% | - 3.80% |
| 1996 | 3 | 101.72 | - 0.56% | - 2.23% |
| 1996 | 4 | 99.32 | - 2.36% | - 9.44% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Baldwinsville, New York click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Syracuse, New York.
If you were going to do a Baldwinsville, New York Refinance, or Baldwinsville, New York Reverse Mortgages, you could estimate your home value.
If you knew your Baldwinsville, New York home was worth $89,000.00 in 1993, you could multiply by - 7.52%, add the gain and see the home should be worth $82,304.28 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Syracuse-NY from 1993 to 1996:
- 1.88%
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: 13027 - BALDWINSVILLE, NY
MSA Pop: 654194Zip Pop: 29108
Avg Value: 90100
County: ONONDAGA
Elev: 398
Region: Northeast
Lat: 43.165123
Long: -76.336561