Real Estate Appreciation for Charlotte Gastonia Concord, North Carolina, South Carlina: + 22.45%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Charlotte Gastonia Concord, North Carolina, South Carlina did compared to the state as a whole.
The Charlotte Gastonia Concord, North Carolina, South Carlina MSA property value change was + 22.45% (+ 5.61% yearly).
All of the property in NC averaged + 19.85% change in value (+ 4.96% yearly).
Charlotte-Gastonia-Concord-NC-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 101.69 | + 1.69% | + 6.76% |
| 1995 | 3 | 103.65 | + 1.93% | + 7.71% |
| 1995 | 4 | 104.62 | + 0.94% | + 3.74% |
| 1996 | 1 | 106.33 | + 1.63% | + 6.54% |
| 1996 | 2 | 107.95 | + 1.52% | + 6.09% |
| 1996 | 3 | 109.78 | + 1.70% | + 6.78% |
| 1996 | 4 | 110.67 | + 0.81% | + 3.24% |
| 1997 | 1 | 111.97 | + 1.17% | + 4.70% |
| 1997 | 2 | 114.05 | + 1.86% | + 7.43% |
| 1997 | 3 | 115.11 | + 0.93% | + 3.72% |
| 1997 | 4 | 116.97 | + 1.62% | + 6.46% |
| 1998 | 1 | 118.95 | + 1.69% | + 6.77% |
| 1998 | 2 | 119.59 | + 0.54% | + 2.15% |
| 1998 | 3 | 121.55 | + 1.64% | + 6.56% |
| 1998 | 4 | 122.45 | + 0.74% | + 2.96% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Indian Trail, North Carolina click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Charlotte Gastonia Concord, North Carolina, South Carlina.
If you were going to do a Indian Trail, North Carolina Refinance, or Indian Trail, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Indian Trail, North Carolina home was worth $93,000.00 in 1995, you could multiply by + 22.45%, add the gain and see the home should be worth $113,878.50 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 1995 to 1998:
+ 5.61%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .
- Honolulu-HI decreased by - 13.12% between 1995 and 1998
- Utica-Rome-NY only increased + 0.14% between 1995 and 1998
- Madera-CA only increased + 2.89% between 1995 and 1998
- Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
- Redding-CA only increased + 4.10% between 1995 and 1998
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 28079 - INDIAN TRAIL, NC
MSA Pop: 1437427Zip Pop: 11315
Avg Value: 124900
County: UNION
Elev: 576
Region: South
Lat: 35.097816
Long: -80.629431