Real Estate Appreciation for Charleston North Charleston, South Carlina: + 16.21%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Charleston North Charleston, South Carlina did compared to the state as a whole.
The Charleston North Charleston, South Carlina MSA property value change was + 16.21% (+ 8.11% yearly).
All of the property in SC averaged + 10.16% change in value (+ 5.08% yearly).
Charleston-North-Charleston-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 111.72 | + 2.20% | + 8.82% |
| 1997 | 3 | 114.33 | + 2.34% | + 9.34% |
| 1997 | 4 | 116.15 | + 1.59% | + 6.37% |
| 1998 | 1 | 117.42 | + 1.09% | + 4.37% |
| 1998 | 2 | 120.1 | + 2.28% | + 9.13% |
| 1998 | 3 | 124.61 | + 3.76% | + 15.02% |
| 1998 | 4 | 127.03 | + 1.94% | + 7.77% |
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If you were going to do a Charleston, South Carlina Refinance, or Charleston, South Carlina Reverse Mortgages, you could estimate your home value.
If you knew your Charleston, South Carlina home was worth $95,000.00 in 1997, you could multiply by + 16.21%, add the gain and see the home should be worth $110,400.24 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charleston-North-Charleston-SC from 1997 to 1998:
+ 8.11%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 29401 - CHARLESTON, SC
MSA Pop: 571631Zip Pop: 11250
Avg Value: 516600
County: CHARLESTON
Elev: 118
Region: South
Lat: 32.77864
Long: -79.937723