Real Estate Appreciation for Utica Rome, New York: + 7.58%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Utica Rome, New York did compared to the state as a whole.
The Utica Rome, New York MSA property value change was + 7.58% (+ 1.89% yearly).
All of the property in NY averaged + 27.84% change in value (+ 6.96% yearly).
Utica-Rome-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 98.79 | - 4.04% | - 16.16% |
| 2000 | 2 | 102.51 | + 3.77% | + 15.06% |
| 2000 | 3 | 105.74 | + 3.15% | + 12.60% |
| 2000 | 4 | 106.07 | + 0.31% | + 1.25% |
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 $97,000.00 in 1997, you could multiply by + 7.58%, add the gain and see the home should be worth $104,348.78 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Utica-Rome-NY from 1997 to 2000:
+ 1.89%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
In contrast, the worst 5 MSAs from 1997 to 2000 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Lewiston-ID-WA, and Midland-TX .
- Honolulu-HI decreased by - 1.70% between 1997 and 2000
- Williamsport-PA only increased + 2.60% between 1997 and 2000
- Buffalo-Niagara-Falls-NY only increased + 3.06% between 1997 and 2000
- Lewiston-ID-WA only increased + 3.08% between 1997 and 2000
- Midland-TX only increased + 3.25% between 1997 and 2000
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