Appreciation for MSAs:.

Let's start by comparing Utica Rome, 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 + 48.75% (+ 3.25% yearly) for the Utica Rome, New York MSA.

The entire state of NY had +128.58% appreciation (+ 8.57% yearly). The state average for New York was higher than the real estate appreciation in the Utica Rome, New York MSA. This means the conditions in the MSA for real estate investment were worse by +163.76%.

Utica-Rome-NY

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Lets look at Boonville, New York, a city located in Utica Rome, 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 Boonville, New York Refinance, or Boonville, New York Reverse Mortgages, you could estimate your home value.

If you knew your Boonville, New York home was worth $98,000.00 in 1992, you could multiply by + 48.75%, add the gain and see the home should be worth $145,774.31 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Utica-Rome-NY from 1992 to 2006:
+ 3.25%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Odessa-TX lost - 9.94% from 1984 thru 1998
  2. Midland-TX lost - 5.77% from 1986 thru 2000

Zip Code in MSA: 13309 - BOONVILLE, NY

MSA Pop: 298077
Zip Pop: 5942
Avg Value: 65600
County: ONEIDA
Elev: 407
Region: Northeast
Lat: 43.45308
Long: -75.336