Appreciation for MSAs:.

Let's start by comparing Charlotte Gastonia Concord, North Carolina, South Carlina to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 4.73% (+ 2.37% yearly) for the Charlotte Gastonia Concord, North Carolina, South Carlina MSA.

The entire state of NC had + 5.69% appreciation (+ 2.84% 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 means the conditions in the MSA for real estate investment were worse by + 20.16%.

Charlotte-Gastonia-Concord-NC-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 138.71 + 0.41% + 1.65%
2002 3 140.63 + 1.38% + 5.54%
2002 4 141.15 + 0.37% + 1.48%
2003 1 142.13 + 0.69% + 2.78%
2003 2 143.08 + 0.67% + 2.67%
2003 3 143.44 + 0.25% + 1.01%
2003 4 144.68 + 0.86% + 3.46%


There are a lot of ways to use the appreciation data for Charlotte Gastonia Concord, North Carolina, South Carlina .

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 flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Indian Trail, 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 $105,000.00 in 2002, you could multiply by + 4.73%, add the gain and see the home should be worth $109,971.04 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 2002 to 2003:
+ 2.37%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2002 to 2003 were Ogden-Clearfield-UT, Lafayette-IN, Fayetteville-NC, Logan-UT-ID, and Provo-Orem-UT .

  1. Ogden-Clearfield-UT only increased + 1.57% between 2002 and 2003
  2. Lafayette-IN only increased + 2.02% between 2002 and 2003
  3. Fayetteville-NC only increased + 2.05% between 2002 and 2003
  4. Logan-UT-ID only increased + 2.05% between 2002 and 2003
  5. Provo-Orem-UT only increased + 2.06% between 2002 and 2003

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