Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Blacksburg Christiansburg Radford, Virginia MSA appreciated + 6.92% (+ 3.46% yearly) between 1993 and the end of 1994.

The state of VA had + 1.41% total appreciation (+ 0.70% yearly). The Blacksburg Christiansburg Radford, Virginia MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated +391.52% faster than the state as a whole.

Blacksburg-Christiansburg-Radford-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1993 2 91.38 + 0.19% + 0.75%
1993 3 93.12 + 1.90% + 7.62%
1993 4 93.75 + 0.68% + 2.71%
1994 1 92.88 - 0.93% - 3.71%
1994 2 95.74 + 3.08% + 12.32%
1994 3 95.21 - 0.55% - 2.21%
1994 4 97.52 + 2.43% + 9.70%


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 Belspring, VIrginia 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 Blacksburg Christiansburg Radford, Virginia.

If you were going to do a Belspring, VIrginia Refinance, or Belspring, VIrginia Reverse Mortgages, you could estimate your home value.

If you knew your Belspring, VIrginia home was worth $87,000.00 in 1993, you could multiply by + 6.92%, add the gain and see the home should be worth $93,018.75 in 1994. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1993 to 1994:
+ 3.46%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 24058 - BELSPRING, VA

MSA Pop: 152606
Zip Pop: 176
Avg Value: 52500
County: PULASKI
Elev: 1917
Region: South
Lat: 37.132974
Long: -80.660619