Real Estate Appreciation for Augusta Richmond County, Georgia, South Carlina: + 10.63%
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 Augusta Richmond County, Georgia, South Carlina MSA appreciated + 10.63% (+ 3.54% yearly) for the period between 2001 and the end of 2003.
The state had + 12.23% total appreciation (+ 4.08% yearly).
The state average for Georgia was higher than the real estate appreciation in the Augusta Richmond County, Georgia, South Carlina MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 15.09% faster than this MSA.
Augusta-Richmond-County-GA-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 122.49 | + 0.84% | + 3.36% |
| 2001 | 3 | 122.73 | + 0.20% | + 0.78% |
| 2001 | 4 | 124.89 | + 1.76% | + 7.04% |
| 2002 | 1 | 125.02 | + 0.10% | + 0.42% |
| 2002 | 2 | 125.26 | + 0.19% | + 0.77% |
| 2002 | 3 | 127.66 | + 1.92% | + 7.66% |
| 2002 | 4 | 128.8 | + 0.89% | + 3.57% |
| 2003 | 1 | 130.15 | + 1.05% | + 4.19% |
| 2003 | 2 | 131.35 | + 0.92% | + 3.69% |
| 2003 | 3 | 131.53 | + 0.14% | + 0.55% |
| 2003 | 4 | 134.38 | + 2.17% | + 8.67% |
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 $104,000.00 in 2001, you could multiply by + 10.63%, add the gain and see the home should be worth $115,053.26 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Augusta-Richmond-County-GA-SC from 2001 to 2003:
+ 3.54%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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