Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Charlotte Gastonia Concord, North Carolina, South Carlina MSA appreciated + 4.66% (+ 2.33% yearly) for the period between 2001 and the end of 2002.

The state had + 6.00% total appreciation (+ 3.00% yearly). The state average for North Carolina was higher than the real estate appreciation in the Charlotte Gastonia Concord, North Carolina, South Carlina MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 28.57% faster than this MSA.

Charlotte-Gastonia-Concord-NC-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 135.65 + 0.59% + 2.34%
2001 3 136.63 + 0.72% + 2.89%
2001 4 137.88 + 0.91% + 3.66%
2002 1 138.14 + 0.19% + 0.75%
2002 2 138.71 + 0.41% + 1.65%
2002 3 140.63 + 1.38% + 5.54%
2002 4 141.15 + 0.37% + 1.48%


Some of the ways peope use our appreciation data for Charlotte Gastonia Concord, North Carolina, South Carlina include real estate investment .

Lets look at Indian Trail, North Carolina, a city located in Charlotte Gastonia Concord, North Carolina, South Carlina MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in North Carolina check out Spec-Loan.com

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 $103,000.00 in 2001, you could multiply by + 4.66%, add the gain and see the home should be worth $107,804.02 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 2001 to 2002:
+ 2.33%

Appreciation Comparisons

The worst 5 MSAs from 2001 to 2002 were Jacksonville-NC, Provo-Orem-UT, Ogden-Clearfield-UT, Lewiston-ID-WA, and Columbus-IN .

  1. Jacksonville-NC only increased + 1.98% between 2001 and 2002
  2. Provo-Orem-UT only increased + 2.30% between 2001 and 2002
  3. Ogden-Clearfield-UT only increased + 2.59% between 2001 and 2002
  4. Lewiston-ID-WA only increased + 2.59% between 2001 and 2002
  5. Columbus-IN only increased + 2.60% between 2001 and 2002

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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: 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