Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 15.71%
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 + 15.71% (+ 3.93% yearly) between 1993 and the end of 1996.
The state of VA had + 5.30% total appreciation (+ 1.33% yearly).
The Blacksburg Christiansburg Radford, Virginia MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated +196.19% faster than the state as a whole.
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1995 | 1 | 100 | + 2.54% | + 10.17% |
| 1995 | 2 | 98.66 | - 1.34% | - 5.36% |
| 1995 | 3 | 100.65 | + 2.02% | + 8.07% |
| 1995 | 4 | 100.14 | - 0.51% | - 2.03% |
| 1996 | 1 | 101 | + 0.86% | + 3.44% |
| 1996 | 2 | 101.24 | + 0.24% | + 0.95% |
| 1996 | 3 | 103.23 | + 1.97% | + 7.86% |
| 1996 | 4 | 105.54 | + 2.24% | + 8.95% |
There are a lot of ways to use the appreciation data for Blacksburg Christiansburg Radford, Virginia .
Lets look at Blacksburg, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia 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 Blacksburg, VIrginia check out Spec-Loan.com
If you were going to do a Blacksburg, VIrginia Refinance, or Blacksburg, VIrginia Reverse Mortgages, you could estimate your home value.
If you knew your Blacksburg, VIrginia home was worth $89,000.00 in 1993, you could multiply by + 15.71%, add the gain and see the home should be worth $102,982.79 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1993 to 1996:
+ 3.93%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
Zip Code in MSA: 24061 - BLACKSBURG, VA
MSA Pop: 152606Zip Pop: 0
Avg Value: 0
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.255726
Long: -80.431498