Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Asheville, North Carolina MSA appreciated + 32.52% (+ 6.50% yearly) for the period between 1999 and the end of 2003.

The state had + 19.18% total appreciation (+ 3.84% yearly). The Asheville, North Carolina MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

Asheville-NC

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Asheville-NC here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in North Carolina, you can do some research at 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 $102,000.00 in 1999, you could multiply by + 32.52%, add the gain and see the home should be worth $135,174.33 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Asheville-NC from 1999 to 2003:
+ 6.50%

Appreciation Comparisons

For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
  2. Worcester-MA increased +138.82% from 1982 thru 1986
  3. Fresno-CA increased +137.23% from 2001 thru 2005
  4. Madera-CA increased +136.99% from 2001 thru 2005
  5. Yuba-City-CA increased +136.08% from 2001 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