Appreciation for MSAs:.

Let's start by comparing Anderson, South Carlina to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 7.31% (+ 3.66% yearly) for the Anderson, South Carlina MSA.

The entire state of SC had + 6.65% appreciation (+ 3.32% yearly). The Anderson, South Carlina MSA beat out the state. by + 10.02% appreciation.

Anderson-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


There are a lot of ways to use the appreciation data for Anderson, South Carlina .

Lets look at Anderson, South Carlina, a city located in Anderson, South Carlina 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 Anderson, South Carlina 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 $105,000.00 in 2002, you could multiply by + 7.31%, add the gain and see the home should be worth $112,680.02 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Anderson-SC from 2002 to 2003:
+ 3.66%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2002 to 2003 were Ogden-Clearfield-UT, Lafayette-IN, Fayetteville-NC, Logan-UT-ID, and Provo-Orem-UT .

  1. Ogden-Clearfield-UT only increased + 1.57% between 2002 and 2003
  2. Lafayette-IN only increased + 2.02% between 2002 and 2003
  3. Fayetteville-NC only increased + 2.05% between 2002 and 2003
  4. Logan-UT-ID only increased + 2.05% between 2002 and 2003
  5. Provo-Orem-UT only increased + 2.06% between 2002 and 2003

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 29621 - ANDERSON, SC

MSA Pop: 171510
Zip Pop: 32300
Avg Value: 108900
County: ANDERSON
Elev: 771
Region: South
Lat: 34.525701
Long: -82.642853