Real Estate Appreciation for Charlotte Gastonia Concord, North Carolina, South Carlina: + 5.09%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Charlotte Gastonia Concord, North Carolina, South Carlina MSA appreciated + 5.09% (+ 2.54% yearly) between 2003 and the end of 2004.
The state of NC had + 7.59% total appreciation (+ 3.79% 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 than the state as a whole. The state appreaciated + 49.12% faster than this MSA.
Charlotte-Gastonia-Concord-NC-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 143.08 | + 0.67% | + 2.67% |
| 2003 | 3 | 143.44 | + 0.25% | + 1.01% |
| 2003 | 4 | 144.68 | + 0.86% | + 3.46% |
| 2004 | 1 | 145.13 | + 0.31% | + 1.24% |
| 2004 | 2 | 146.42 | + 0.89% | + 3.56% |
| 2004 | 3 | 147.03 | + 0.42% | + 1.67% |
| 2004 | 4 | 149.36 | + 1.58% | + 6.34% |
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 $107,000.00 in 2003, you could multiply by + 5.09%, add the gain and see the home should be worth $112,442.97 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 2003 to 2004:
+ 2.54%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 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