Real Estate Appreciation for Charlotte Gastonia Concord, North Carolina, South Carlina: + 15.16%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Charlotte Gastonia Concord, North Carolina, South Carlina: + 15.16%
- State of NC: + 13.53%
- Difference: + 12.07%
Charlotte-Gastonia-Concord-NC-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $94,000.00 in 1996, you could multiply by + 15.16%, add the gain and see the home should be worth $108,250.73 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 1996 to 1998:
+ 5.05%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Jackson-MI, Bay-City-MI, and Monroe-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 34.16% from 1996 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 22.04% from 1996 to the end of 1998
- Jackson-MI increased + 21.73% from 1996 to the end of 1998
- Bay-City-MI increased + 20.64% from 1996 to the end of 1998
- Monroe-MI increased + 20.48% from 1996 to the end of 1998
In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .
- Honolulu-HI decreased by - 11.67% between 1996 and 1998
- Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
- Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
- Utica-Rome-NY only increased + 0.29% between 1996 and 1998
- El-Paso-TX only increased + 0.32% between 1996 and 1998
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