Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Utica Rome, New York MSA appreciated - 8.71% (- 4.35% yearly) between 1993 and the end of 1994.

The state of NY had - 2.50% total appreciation (- 1.25% 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 than the state as a whole. The state appreaciated - 71.24% faster than this MSA.

Utica-Rome-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1993 2 106.87 + 0.37% + 1.47%
1993 3 107.07 + 0.19% + 0.75%
1993 4 107.03 - 0.04% - 0.15%
1994 1 107.07 + 0.04% + 0.15%
1994 2 102.07 - 4.67% - 18.68%
1994 3 98.81 - 3.19% - 12.78%
1994 4 97.21 - 1.62% - 6.48%


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 Durhamville, 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 Utica Rome, New York.

If you were going to do a Durhamville, New York Refinance, or Durhamville, New York Reverse Mortgages, you could estimate your home value.

If you knew your Durhamville, New York home was worth $87,000.00 in 1993, you could multiply by - 8.71%, add the gain and see the home should be worth $79,425.90 in 1994. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Utica-Rome-NY from 1993 to 1994:
- 4.35%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1993 to 1994 were Riverside-San-Bernardino-Ontario-CA, Kingston-NY, Binghamton-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .

  1. Riverside-San-Bernardino-Ontario-CA decreased by - 13.55% between 1993 and 1994
  2. Kingston-NY decreased by - 12.24% between 1993 and 1994
  3. Binghamton-NY decreased by - 10.95% between 1993 and 1994
  4. Utica-Rome-NY decreased by - 8.71% between 1993 and 1994
  5. Sacramento-Arden-Arcade-Roseville-CA decreased by - 8.42% between 1993 and 1994

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 13054 - DURHAMVILLE, NY

MSA Pop: 298077
Zip Pop: 2162
Avg Value: 76200
County: ONEIDA
Elev: 407
Region: Northeast
Lat: 43.1418
Long: -75.67002