Real Estate Appreciation for Augusta Richmond County, Georgia, South Carlina: + 0.78%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Augusta Richmond County, Georgia, South Carlina MSA appreciated + 0.78% (+ 0.39% yearly) between 1993 and the end of 1994.
The state of GA had + 4.35% total appreciation (+ 2.17% yearly).
The state average for Georgia was higher than the real estate appreciation in the Augusta Richmond County, Georgia, South Carlina MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +458.42% faster than this MSA.
Augusta-Richmond-County-GA-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 102.01 | + 0.50% | + 2.01% |
| 1993 | 3 | 102.56 | + 0.54% | + 2.16% |
| 1993 | 4 | 103.21 | + 0.63% | + 2.54% |
| 1994 | 1 | 102.99 | - 0.21% | - 0.85% |
| 1994 | 2 | 103.82 | + 0.81% | + 3.22% |
| 1994 | 3 | 103.06 | - 0.73% | - 2.93% |
| 1994 | 4 | 102.29 | - 0.75% | - 2.99% |
Lets look at Monetta, Georgia, a city located in Augusta Richmond County, Georgia, South Carlina MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Monetta, Georgia Refinance, or Monetta, Georgia Reverse Mortgages, you could estimate your home value.
If you knew your Monetta, Georgia home was worth $87,000.00 in 1993, you could multiply by + 0.78%, add the gain and see the home should be worth $87,677.14 in 1994. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Augusta-Richmond-County-GA-SC from 1993 to 1994:
+ 0.39%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 29105 - MONETTA, SC
MSA Pop: 511487Zip Pop: 1203
Avg Value: 39200
County: AIKEN
Elev: 490
Region: South
Lat: 33.756063
Long: -81.557694