Real Estate Appreciation for Asheville, North Carolina: + 21.63%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Asheville, North Carolina MSA appreciated + 21.63% (+ 5.41% yearly) between 1993 and the end of 1996.
The state of NC had + 17.89% total appreciation (+ 4.47% yearly).
The Asheville, North Carolina MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 20.91% faster than the state as a whole.
Asheville-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 93.32 | + 4.11% | + 16.42% |
| 1993 | 3 | 93.28 | - 0.04% | - 0.17% |
| 1993 | 4 | 93.97 | + 0.74% | + 2.96% |
| 1994 | 1 | 94.56 | + 0.63% | + 2.51% |
| 1994 | 2 | 96.26 | + 1.80% | + 7.19% |
| 1994 | 3 | 96.68 | + 0.44% | + 1.75% |
| 1994 | 4 | 97.99 | + 1.35% | + 5.42% |
| 1995 | 1 | 100 | + 2.05% | + 8.20% |
| 1995 | 2 | 100.52 | + 0.52% | + 2.08% |
| 1995 | 3 | 102.33 | + 1.80% | + 7.20% |
| 1995 | 4 | 104.04 | + 1.67% | + 6.68% |
| 1996 | 1 | 105.3 | + 1.21% | + 4.84% |
| 1996 | 2 | 106.64 | + 1.27% | + 5.09% |
| 1996 | 3 | 107.39 | + 0.70% | + 2.81% |
| 1996 | 4 | 109.03 | + 1.53% | + 6.11% |
There are a lot of ways to use the appreciation data for Asheville, North Carolina .
Lets look at Arden, North Carolina, a city located in Asheville, North Carolina 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 Arden, North Carolina check out Spec-Loan.com
If you were going to do a Arden, North Carolina Refinance, or Arden, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Arden, North Carolina home was worth $89,000.00 in 1993, you could multiply by + 21.63%, add the gain and see the home should be worth $108,251.56 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Asheville-NC from 1993 to 1996:
+ 5.41%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
Zip Code in MSA: 28704 - ARDEN, NC
MSA Pop: 381789Zip Pop: 14782
Avg Value: 123900
County: BUNCOMBE
Elev: 2134
Region: South
Lat: 35.472328
Long: -82.52116