Appreciation for MSAs:.

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

If we analyze Anderson, South Carlina MSA appreciation it was + 11.02% (+ 3.67% yearly) from 1994 to 1996.

During the same time period, SC had + 10.49% (+ 3.50% yearly). You can see that the Anderson, South Carlina MSA experienced higher appreciation in this case.

Anderson-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1994 2 97.64 + 0.49% + 1.98%
1994 3 100.21 + 2.63% + 10.53%
1994 4 97.72 - 2.48% - 9.94%
1995 1 100 + 2.33% + 9.33%
1995 2 102.02 + 2.02% + 8.08%
1995 3 103.27 + 1.23% + 4.90%
1995 4 106.19 + 2.83% + 11.31%
1996 1 105.58 - 0.57% - 2.30%
1996 2 106.77 + 1.13% + 4.51%
1996 3 107.57 + 0.75% + 3.00%
1996 4 107.87 + 0.28% + 1.12%


Lets look at Anderson, South Carlina, a city located in Anderson, South Carlina MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

If you were going to do a Anderson, South Carlina Refinance, or Anderson, South Carlina Reverse Mortgages, you could estimate your home value.

If you knew your Anderson, South Carlina home was worth $90,000.00 in 1994, you could multiply by + 11.02%, add the gain and see the home should be worth $99,920.75 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Anderson-SC from 1994 to 1996:
+ 3.67%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .

  1. Binghamton-NY decreased by - 13.28% between 1994 and 1996
  2. Kingston-NY decreased by - 11.87% between 1994 and 1996
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
  4. Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
  5. Honolulu-HI decreased by - 9.66% between 1994 and 1996

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 29622 - ANDERSON, SC

MSA Pop: 171510
Zip Pop: 0
Avg Value: 0
County: ANDERSON
Elev: 771
Region: South
Lat: 34.497192
Long: -82.657924