Appreciation for MSAs:.

Let's start by comparing Charleston North Charleston, South Carlina to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 8.75% (+ 4.37% yearly) for the Charleston North Charleston, South Carlina MSA.

The entire state of SC had + 6.65% appreciation (+ 3.32% yearly). The Charleston North Charleston, South Carlina MSA beat out the state. by + 31.57% appreciation.

Charleston-North-Charleston-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 170.59 + 1.02% + 4.10%
2002 3 173.35 + 1.62% + 6.47%
2002 4 175.4 + 1.18% + 4.73%
2003 1 177.12 + 0.98% + 3.92%
2003 2 179.16 + 1.15% + 4.61%
2003 3 181.14 + 1.11% + 4.42%
2003 4 183.63 + 1.37% + 5.50%


Lets look at Charleston, South Carlina, a city located in Charleston North Charleston, 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 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 $105,000.00 in 2002, you could multiply by + 8.75%, add the gain and see the home should be worth $114,184.24 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charleston-North-Charleston-SC from 2002 to 2003:
+ 4.37%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2002 to 2003 were Ogden-Clearfield-UT, Lafayette-IN, Fayetteville-NC, Logan-UT-ID, and Provo-Orem-UT .

  1. Ogden-Clearfield-UT only increased + 1.57% between 2002 and 2003
  2. Lafayette-IN only increased + 2.02% between 2002 and 2003
  3. Fayetteville-NC only increased + 2.05% between 2002 and 2003
  4. Logan-UT-ID only increased + 2.05% between 2002 and 2003
  5. Provo-Orem-UT only increased + 2.06% between 2002 and 2003

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

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