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 Charleston North Charleston, South Carlina MSA appreciated + 9.93% (+ 4.97% yearly) for the period between 2001 and the end of 2002.

The state had + 6.84% total appreciation (+ 3.42% yearly). The Charleston North Charleston, South Carlina 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.

Charleston-North-Charleston-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 163.43 + 2.43% + 9.73%
2001 3 164.63 + 0.73% + 2.94%
2001 4 166.94 + 1.40% + 5.61%
2002 1 168.86 + 1.15% + 4.60%
2002 2 170.59 + 1.02% + 4.10%
2002 3 173.35 + 1.62% + 6.47%
2002 4 175.4 + 1.18% + 4.73%


There are a lot of ways to use the appreciation data for Charleston North Charleston, South Carlina .

Lets look at Charleston, South Carlina, a city located in Charleston North Charleston, South Carlina 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 Charleston, South Carlina check out Spec-Loan.com

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 $103,000.00 in 2001, you could multiply by + 9.93%, add the gain and see the home should be worth $113,232.22 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charleston-North-Charleston-SC from 2001 to 2002:
+ 4.97%

Appreciation Comparisons

The top 5 performing MSAs from 2001 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Yuba-City-CA, Providence-New-Bedford-Fall-River-RI-MA, and Chico-CA .

  1. Barnstable-Town-MA increased + 29.22% from 2001 to the end of 2002
  2. San-Luis-Obispo-Paso-Robles-CA increased + 27.71% from 2001 to the end of 2002
  3. Yuba-City-CA increased + 27.51% from 2001 to the end of 2002
  4. Providence-New-Bedford-Fall-River-RI-MA increased + 27.39% from 2001 to the end of 2002
  5. Chico-CA increased + 27.31% from 2001 to the end of 2002

In contrast, the worst 5 MSAs from 2001 to 2002 were Jacksonville-NC, Provo-Orem-UT, Ogden-Clearfield-UT, Lewiston-ID-WA, and Columbus-IN .

  1. Jacksonville-NC only increased + 1.98% between 2001 and 2002
  2. Provo-Orem-UT only increased + 2.30% between 2001 and 2002
  3. Ogden-Clearfield-UT only increased + 2.59% between 2001 and 2002
  4. Lewiston-ID-WA only increased + 2.59% between 2001 and 2002
  5. Columbus-IN only increased + 2.60% between 2001 and 2002

Zip Code in MSA: 29401 - CHARLESTON, SC

MSA Pop: 571631
Zip Pop: 11250
Avg Value: 516600
County: CHARLESTON
Elev: 118
Region: South
Lat: 32.77864
Long: -79.937723