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 + 16.88% (+ 5.63% yearly).

All of the property in NC averaged + 12.22% change in value (+ 4.07% yearly).

Asheville-NC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1999 1 126.83 + 0.64% + 2.57%
1999 2 129.04 + 1.74% + 6.97%
1999 3 129.98 + 0.73% + 2.91%
1999 4 131.83 + 1.42% + 5.69%


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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 $96,000.00 in 1997, you could multiply by + 16.88%, add the gain and see the home should be worth $112,205.69 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Asheville-NC from 1997 to 1999:
+ 5.63%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
  2. Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
  3. Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
  4. Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
  5. Napa-CA increased + 28.79% from 1997 to the end of 1999

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

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