Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Syracuse, New York MSA appreciated + 16.80% (+ 4.20% yearly) for the period between 1999 and the end of 2002.

The state had + 42.15% total appreciation (+ 10.54% yearly). The state average for New York was higher than the real estate appreciation in the Syracuse, New York MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +150.89% faster than this MSA.

Syracuse-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1999 2 105.16 - 0.74% - 2.95%
1999 3 105.59 + 0.41% + 1.64%
1999 4 106.35 + 0.72% + 2.88%
2000 1 106.22 - 0.12% - 0.49%
2000 2 107.72 + 1.41% + 5.65%
2000 3 109 + 1.19% + 4.75%
2000 4 110.78 + 1.63% + 6.53%
2001 1 112.06 + 1.16% + 4.62%
2001 2 113.94 + 1.68% + 6.71%
2001 3 115.21 + 1.11% + 4.46%
2001 4 116.17 + 0.83% + 3.33%
2002 1 118.03 + 1.60% + 6.40%
2002 2 119.64 + 1.36% + 5.46%
2002 3 121.92 + 1.91% + 7.62%
2002 4 123.74 + 1.49% + 5.97%


Lets look at Baldwinsville, New York, a city located in Syracuse, 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 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 $101,000.00 in 1999, you could multiply by + 16.80%, add the gain and see the home should be worth $117,969.98 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Syracuse-NY from 1999 to 2002:
+ 4.20%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1999 to 2002 were Ogden-Clearfield-UT, Lewiston-ID-WA, Midland-TX, Coeur-d'Alene-ID, and Lawton-OK .

  1. Ogden-Clearfield-UT only increased + 5.18% between 1999 and 2002
  2. Lewiston-ID-WA only increased + 5.52% between 1999 and 2002
  3. Midland-TX only increased + 6.09% between 1999 and 2002
  4. Coeur-d'Alene-ID only increased + 6.12% between 1999 and 2002
  5. Lawton-OK only increased + 6.71% between 1999 and 2002

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 13027 - BALDWINSVILLE, NY

MSA Pop: 654194
Zip Pop: 29108
Avg Value: 90100
County: ONONDAGA
Elev: 398
Region: Northeast
Lat: 43.165123
Long: -76.336561