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 + 40.42% (+ 6.74% yearly).

All of the property in NC averaged + 27.17% change in value (+ 4.53% yearly).

Asheville-NC

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1999-2002 Quarterly Detailed Appreciation


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 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 $99,000.00 in 1997, you could multiply by + 40.42%, add the gain and see the home should be worth $139,016.05 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Asheville-NC from 1997 to 2002:
+ 6.74%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 2002 were Barnstable-Town-MA, Santa-Cruz-Watsonville-CA, Napa-CA, San-Luis-Obispo-Paso-Robles-CA, and San-Diego-Carlsbad-San-Marcos-CA .

  1. Barnstable-Town-MA increased +105.37% from 1997 to the end of 2002
  2. Santa-Cruz-Watsonville-CA increased + 99.39% from 1997 to the end of 2002
  3. Napa-CA increased + 99.10% from 1997 to the end of 2002
  4. San-Luis-Obispo-Paso-Robles-CA increased + 95.06% from 1997 to the end of 2002
  5. San-Diego-Carlsbad-San-Marcos-CA increased + 93.97% from 1997 to the end of 2002

In contrast, the worst 5 MSAs from 1997 to 2002 were Lewiston-ID-WA, Springfield-IL, Williamsport-PA, Midland-TX, and Wenatchee-WA .

  1. Lewiston-ID-WA only increased + 9.69% between 1997 and 2002
  2. Springfield-IL only increased + 10.64% between 1997 and 2002
  3. Williamsport-PA only increased + 12.13% between 1997 and 2002
  4. Midland-TX only increased + 12.35% between 1997 and 2002
  5. Wenatchee-WA only increased + 12.35% between 1997 and 2002

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