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 + 9.36% (+ 4.68% yearly).

All of the property in NC averaged + 8.99% change in value (+ 4.50% yearly).

Charlotte-Gastonia-Concord-NC-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $95,000.00 in 1997, you could multiply by + 9.36%, add the gain and see the home should be worth $103,891.67 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 1997 to 1998:
+ 4.68%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Diego-Carlsbad-San-Marcos-CA, Gadsden-AL, and Waterloo-Cedar-Falls-IA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 24.79% from 1997 to the end of 1998
  2. Santa-Cruz-Watsonville-CA increased + 20.64% from 1997 to the end of 1998
  3. San-Diego-Carlsbad-San-Marcos-CA increased + 16.27% from 1997 to the end of 1998
  4. Gadsden-AL increased + 14.96% from 1997 to the end of 1998
  5. Waterloo-Cedar-Falls-IA increased + 13.76% from 1997 to the end of 1998

In contrast, the worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .

  1. Honolulu-HI decreased by - 3.48% between 1997 and 1998
  2. Williamsport-PA decreased by - 0.05% between 1997 and 1998
  3. Ithaca-NY only increased + 1.04% between 1997 and 1998
  4. Utica-Rome-NY only increased + 1.56% between 1997 and 1998
  5. Pittsfield-MA only increased + 2.16% between 1997 and 1998

Zip Code in MSA: 28079 - INDIAN TRAIL, NC

MSA Pop: 1437427
Zip Pop: 11315
Avg Value: 124900
County: UNION
Elev: 576
Region: South
Lat: 35.097816
Long: -80.629431