It's a very diverse area.

You'll need to qualify for access though.KC metro also has massively diverse markets within it.

Pretty diverse, i know!  

I'm in the Akron / Canton Ohio area and have a very diverse market here, but with that come a vast array of different people to talk to.

Detroit is that diverse in pricing, so you really need to focus the comps. as close as possible to your house.As for formulas, it depends on what you're trying to do.  

The appreciation issue may be a bit of a red hearing in that while not all markets / market segments will appreciate at the same rate, a rising tide lifts all boats.IF the capital gains can be sheltered, I would try to trade up (in my mind) to better diversity and higher NOI.

All that you need is a diverse economy and a growing population.  

The New England Area, as you can imagine by any area that encompasses 6 states, has a diverse range of markets, from A to B to C class and everywhere inbetween.It's tough to provide any numbers without further information.I would recommend you search for apartment deals on Loopnet, and start doing research in more defined markets/regions/metropolitan areas to compare the values, price per unit, expenses per unit, NOI, Cap rates, and any other helpful datum.Good luck!

This will help to diversity your risk.

The diversity and the way properties are spread out down in the bayou can make it impossible.