Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Asheville, North Carolina did compared to the state as a whole.

The Asheville, North Carolina MSA property value change was + 26.02% (+ 6.51% yearly).

All of the property in NC averaged + 19.85% change in value (+ 4.96% yearly).

Asheville-NC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1997 1 112.79 + 3.45% + 13.79%
1997 2 114.05 + 1.12% + 4.47%
1997 3 114.96 + 0.80% + 3.19%
1997 4 118.75 + 3.30% + 13.19%
1998 1 120.4 + 1.39% + 5.56%
1998 2 122.78 + 1.98% + 7.91%
1998 3 124.7 + 1.56% + 6.26%
1998 4 126.02 + 1.06% + 4.23%


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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 $93,000.00 in 1995, you could multiply by + 26.02%, add the gain and see the home should be worth $117,198.60 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Asheville-NC from 1995 to 1998:
+ 6.51%

Appreciation Comparisons

The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
  2. Bay-City-MI increased + 32.31% from 1995 to the end of 1998
  3. Jackson-MI increased + 31.57% from 1995 to the end of 1998
  4. Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
  5. Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998

In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .

  1. Honolulu-HI decreased by - 13.12% between 1995 and 1998
  2. Utica-Rome-NY only increased + 0.14% between 1995 and 1998
  3. Madera-CA only increased + 2.89% between 1995 and 1998
  4. Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
  5. Redding-CA only increased + 4.10% between 1995 and 1998

Zip Code in MSA: 28704 - ARDEN, NC

MSA Pop: 381789
Zip Pop: 14782
Avg Value: 123900
County: BUNCOMBE
Elev: 2134
Region: South
Lat: 35.472328
Long: -82.52116