Real Estate Appreciation for Utica Rome, New York: + 3.10%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Utica Rome, New York: + 3.10%
- State of NY: + 15.20%
- Difference: - 79.57%
Utica-Rome-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 98.36 | + 4.67% | + 18.69% |
| 1998 | 2 | 97.14 | - 1.24% | - 4.96% |
| 1998 | 3 | 98.67 | + 1.58% | + 6.30% |
| 1998 | 4 | 100.14 | + 1.49% | + 5.96% |
| 1999 | 1 | 101.29 | + 1.15% | + 4.59% |
| 1999 | 2 | 101.27 | - 0.02% | - 0.08% |
| 1999 | 3 | 103.47 | + 2.17% | + 8.69% |
| 1999 | 4 | 102.95 | - 0.50% | - 2.01% |
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 $95,000.00 in 1996, you could multiply by + 3.10%, add the gain and see the home should be worth $97,949.42 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Utica-Rome-NY from 1996 to 1999:
+ 0.78%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
Zip Code in MSA: 13054 - DURHAMVILLE, NY
MSA Pop: 298077Zip Pop: 2162
Avg Value: 76200
County: ONEIDA
Elev: 407
Region: Northeast
Lat: 43.1418
Long: -75.67002