Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Anderson, South Carlina MSA appreciated + 4.41% (+ 2.21% yearly) between 2003 and the end of 2004.

The state of SC had + 8.94% total appreciation (+ 4.47% yearly). The state average for South Carlina was higher than the real estate appreciation in the Anderson, South Carlina MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +102.71% faster than this MSA.

Anderson-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $107,000.00 in 2003, you could multiply by + 4.41%, add the gain and see the home should be worth $111,718.97 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Anderson-SC from 2003 to 2004:
+ 2.21%

Appreciation Comparisons

The worst 5 MSAs from 2003 to 2004 were Brownsville-Harlingen-TX, Jackson-TN, Austin-Round-Rock-TX, Burlington-NC, and Ogden-Clearfield-UT .

  1. Brownsville-Harlingen-TX only increased + 0.47% between 2003 and 2004
  2. Jackson-TN only increased + 1.89% between 2003 and 2004
  3. Austin-Round-Rock-TX only increased + 2.07% between 2003 and 2004
  4. Burlington-NC only increased + 2.09% between 2003 and 2004
  5. Ogden-Clearfield-UT only increased + 2.83% between 2003 and 2004

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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