Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Utica Rome, New York MSA appreciation it was - 12.23% (- 3.06% yearly) from 1994 to 1997.

During the same time period, NY had + 2.27% (+ 0.57% yearly). From 1994 to 1997, New York outperformed the individual Utica Rome, New York MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Utica-Rome-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1994 2 102.07 - 4.67% - 18.68%
1994 3 98.81 - 3.19% - 12.78%
1994 4 97.21 - 1.62% - 6.48%
1995 1 100 + 2.87% + 11.48%
1995 2 98.02 - 1.98% - 7.92%
1995 3 99.03 + 1.03% + 4.12%
1995 4 96.75 - 2.30% - 9.21%
1996 1 99.85 + 3.20% + 12.82%
1996 2 98.72 - 1.13% - 4.53%
1996 3 97.72 - 1.01% - 4.05%
1996 4 95.97 - 1.79% - 7.16%
1997 1 98.6 + 2.74% + 10.96%
1997 2 94.26 - 4.40% - 17.61%
1997 3 95.82 + 1.65% + 6.62%
1997 4 93.97 - 1.93% - 7.72%


There are a lot of ways to use the appreciation data for Utica Rome, New York .

Lets look at Durhamville, New York, a city located in Utica Rome, New York MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Durhamville, New York check out Spec-Loan.com

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 $91,000.00 in 1994, you could multiply by - 12.23%, add the gain and see the home should be worth $79,866.16 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Utica-Rome-NY from 1994 to 1997:
- 3.06%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 1997 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, and Kingston-NY .

  1. Honolulu-HI decreased by - 14.47% between 1994 and 1997
  2. Utica-Rome-NY decreased by - 12.23% between 1994 and 1997
  3. Binghamton-NY decreased by - 9.70% between 1994 and 1997
  4. Riverside-San-Bernardino-Ontario-CA decreased by - 8.40% between 1994 and 1997
  5. Kingston-NY decreased by - 6.47% between 1994 and 1997

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: 13054 - DURHAMVILLE, NY

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