Real Estate Appreciation for Charleston North Charleston, South Carlina: + 37.61%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Charleston North Charleston, South Carlina MSA appreciated + 37.61% (+ 12.54% yearly) between 2003 and the end of 2005.
The state of SC had + 19.12% total appreciation (+ 6.37% yearly).
The Charleston North Charleston, South Carlina MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 96.77% faster than the state as a whole.
Charleston-North-Charleston-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 179.16 | + 1.15% | + 4.61% |
| 2003 | 3 | 181.14 | + 1.11% | + 4.42% |
| 2003 | 4 | 183.63 | + 1.37% | + 5.50% |
| 2004 | 1 | 188.73 | + 2.78% | + 11.11% |
| 2004 | 2 | 191.45 | + 1.44% | + 5.76% |
| 2004 | 3 | 201.3 | + 5.14% | + 20.58% |
| 2004 | 4 | 206.4 | + 2.53% | + 10.13% |
| 2005 | 1 | 215.08 | + 4.21% | + 16.82% |
| 2005 | 2 | 223.47 | + 3.90% | + 15.60% |
| 2005 | 3 | 232.74 | + 4.15% | + 16.59% |
| 2005 | 4 | 243.74 | + 4.73% | + 18.91% |
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 $108,000.00 in 2003, you could multiply by + 37.61%, add the gain and see the home should be worth $148,621.95 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charleston-North-Charleston-SC from 2003 to 2005:
+ 12.54%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005
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