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 + 58.68% (+ 9.78% yearly) for the period between 2001 and the end of 2006.

The state had + 31.56% total appreciation (+ 5.26% 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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2003-2006 Quarterly Detailed Appreciation


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 $107,000.00 in 2001, you could multiply by + 58.68%, add the gain and see the home should be worth $169,783.09 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Asheville-NC from 2001 to 2006:
+ 9.78%

Appreciation Comparisons

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

The top 5 performing MSAs from 2001 to 2006 were Madera-CA, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Fresno-CA, and Naples-Marco-Island-FL .

  1. Madera-CA increased +156.12% from 2001 to the end of 2006
  2. Riverside-San-Bernardino-Ontario-CA increased +152.80% from 2001 to the end of 2006
  3. Bakersfield-CA increased +152.44% from 2001 to the end of 2006
  4. Fresno-CA increased +148.94% from 2001 to the end of 2006
  5. Naples-Marco-Island-FL increased +148.21% from 2001 to the end of 2006

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