Real Estate Appreciation for Anderson, South Carlina: + 12.13%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Anderson, South Carlina MSA appreciated + 12.13% (+ 3.03% yearly) for the period between 2001 and the end of 2004.
The state had + 17.03% total appreciation (+ 4.26% yearly).
The state average for South Carlina was higher than the real estate appreciation in the Anderson, South Carlina MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 40.36% faster than this MSA.
Anderson-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 137.56 | + 1.01% | + 4.05% |
| 2001 | 3 | 139.21 | + 1.20% | + 4.80% |
| 2001 | 4 | 142.17 | + 2.13% | + 8.51% |
| 2002 | 1 | 140.82 | - 0.95% | - 3.80% |
| 2002 | 2 | 142.86 | + 1.45% | + 5.79% |
| 2002 | 3 | 144.01 | + 0.80% | + 3.22% |
| 2002 | 4 | 144.97 | + 0.67% | + 2.67% |
| 2003 | 1 | 146.25 | + 0.88% | + 3.53% |
| 2003 | 2 | 147.65 | + 0.96% | + 3.83% |
| 2003 | 3 | 149.3 | + 1.12% | + 4.47% |
| 2003 | 4 | 151.12 | + 1.22% | + 4.88% |
| 2004 | 1 | 149.84 | - 0.85% | - 3.39% |
| 2004 | 2 | 150.37 | + 0.35% | + 1.41% |
| 2004 | 3 | 148.79 | - 1.05% | - 4.20% |
| 2004 | 4 | 152.7 | + 2.63% | + 10.51% |
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 Anderson, South Carlina 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 Anderson, South Carlina.
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 $105,000.00 in 2001, you could multiply by + 12.13%, add the gain and see the home should be worth $117,737.55 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Anderson-SC from 2001 to 2004:
+ 3.03%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
In contrast, the worst 5 MSAs from 2001 to 2004 were Ogden-Clearfield-UT, Jackson-TN, Austin-Round-Rock-TX, Provo-Orem-UT, and Columbus-IN .
- Ogden-Clearfield-UT only increased + 5.61% between 2001 and 2004
- Jackson-TN only increased + 5.91% between 2001 and 2004
- Austin-Round-Rock-TX only increased + 5.99% between 2001 and 2004
- Provo-Orem-UT only increased + 6.69% between 2001 and 2004
- Columbus-IN only increased + 7.56% between 2001 and 2004
Zip Code in MSA: 29623 - ANDERSON, SC
MSA Pop: 171510Zip Pop: 0
Avg Value: 0
County: ANDERSON
Elev: 771
Region: South
Lat: 34.518833
Long: -82.7177